My gut feeling is that the price of a barrel of crude will reach the low $80s and that this will occur for reasons that no one can confidently predict at the moment. For now, though, because the futures have topped within pennies of a 72.88 target I’d disseminated here earlier, we should be alert to the possibility of a correction, perhaps a significant one. Even so, if and when the June contract pushes decisively above the 72.88 target just achieved, the next presumptive pop would be to 73.88, a rally target given in the initial sequence of Hidden Pivot resistances originally provided to subscribers.
