The easy push past p=45.76 strongly implies that November Crude will reach the 47.30 target shown in the next day or two. The futures were a nominal ‘mechanical’ buy Monday on the pullback to the red line, stop 45.24, and would be a buy again at 44.99, stop 44.21. As always, for those who understand the tactic, the ‘camouflage’ option is available to reduce entry risk significantly._______ UPDATE (Sep 27, 11:06 a.m. ET): So much for my bullish call. Like gold and other resource-based commodities, crude is getting pasted today, and who knows why? Anyway, the 47.30 target is kaput, replaced by a bearish one at 43.87 (60-min, a= 46.55 on 9/23).
