Several subscribers reported getting short yesterday at 46.16, a Hidden Pivot featured in my tout. Accordingly, I’ve established a tracking position for your further guidance. Assuming two contracts in the position, tie them to a break-even stop for now, o-c-o with a bid to cover one contract for a partial profit at 45.25. It’s possible this objective could be achieved overnight, so you should make provisions to execute the trade even if you are not able to monitor it 24/7. My new bear-market target is 43.52 — nine cents above the original one, due to a chart adjustment. _____ UPDATE (9:03 p.m.): We got stopped out on a spike to 48.25. Crude will likely remain unshortable using tight stops simply because ‘everyone’ knows it’s going lower, and they are undoubtedly going to be right. The wicked evasive maneuvers the futures have traced out are Mr. Market’s way of making certain that there is no easy money here, even on a bet that is more or less a sure thing. Next (minor and potentially tradable) stops on the way south: 44.43…43.96; then, still lower.
