The bullish pattern shown, with a 53.79 target can serve to guide us in the days ahead. The stall at the 49.81 midpoint Hidden Pivot is not yet obvious enough to confirm our ABC coordinates, but it can be used nonetheless to effect a ‘mechanical’ entry for a shot at the target. First, however, the futures would need to push decisively past the red line, hover above it for yet several more bars, then retrace to it. A bid there would take a 48.48 stop-loss. If the $1330 initial risk seems too rich, consider a ‘camouflage’ entry that in theory could reduce that by as much as 90%. This tactic would entail waiting for a bc-type pullback from just above the two numbered peaks. If it occurs from in-between the peaks, that would make the trade particularly enticing. ______ UPDATE (June 30, 6:27 p.m. EDT): Crude’s weakness today did not alter the analysis or tactics provided above.
