Crude’s correction unfolded more or less as expected, producing a C-D follow-through rally that has stalled so far precisely at 53.09, a midpoint Hidden Pivot associated with a D target at 56.11. The futures would become an odds-on bet to reach that target if and when they push decisively above the midpoint resistance. Traders can use a ‘mechanical buy’ to get long on a pullback to 53.09 once the futures have surpassed that number by 0.70 to 1.50. A 52.08 stop-loss would apply. The implied $1000 risk per contract can be pared down to as little as $40-$60 theoretical by using the ‘camouflage’ technique on a pattern of lesser degree. I’ve labeled one such pattern with purple ABC coordinates. It has already tripped an entry signal at 52.27 that can be viewed and exploited on a ‘camo’ chart of perhaps 3-minute degree. _____ UPDATE (April 16, 2:08 a.m.): I put out a real-time trade in the chat room yesterday that worked nicely. Check the posts around 11:48 a.m. and join us in the room if this sort of gambit interests you. _______ UPDATE (April 16, 12:42 a.m.): A 56.10 rally target that I disseminated in the chat room yesterday morning held bulls at bay for all of 45 minutes before the futures spiked to 56.69 to complete the impulse leg. The C-D follow-through could reach 58.91 if whatever the heck was pushing crude yesterday continues to obtain. The major impediment, short-term, is a midpoint pivot at 57.37, but if and when it gets exceeded by perhaps 50 cents, a run-up to 58.91 would become no worse than an even-odds bet.
