April Crude’s ascent seems all but certain to continue to at least 117.82, the target shown in the chart, but if this Hidden Pivot resistance fails to slow down buyers, look for a further rally to at least 122.30, the target of a larger pattern (A= 95.29 on 2/28). Chat-room interest in this vehicle has been low, but if I see an exceptional ‘camouflage’ or ‘mechanical’ buying opportunity developing intraday, I will nonetheless signal it and send out an email ‘Notification’. This is a new Rick’s Picks service that has produced some winners for subscribers who are not able to monitor the chat room closely. ______ UPDATE (Mar 6, 10:09 p.m. EST): The odd but entirely legitimate pattern shown maxes out immediate rally possibilities for April Crude with a 141.34 target. Judging from the way buyers crushed the midpoint resistance, the target is all but certain to be achieved eventually. A short there looks promising, but I am suggesting this only to those of you who have made money on the way up or who know how to cut entry risk to relative pocket change with a ‘camo’ trade set-up. The 141.34 objective is not guaranteed to be precisely accurate, since the coordinates are based on a composite chart. ______ UPDATE Mar 22 7:08 p.m.): This chart shows that today’s short squeeze tripped a theoretical buy signal at x=109.73 for a possible shot at 158.34. The 125.94 midpoint pivot can serve as a minimum upside projection for now, however. The pattern is radically different from the one proffered initially, a blended contract with a 141.34 destination. I have not offered a fresh tout with the new chart because WordPress would have put it at the top of the touts list. If subscriber interest in crude revives, though, I will step up coverage.
CLJ22 – April Crude (Last:113.32)
