September Crude’s  balky descent is still targeted most immediately on D=78.73, which if achieved would probably correspond to pump prices below $3 gallon. The felicity of this might not last, given that the largest commodity market on earth has become just another carny crap shoot made so opaque by refiners and cartels that even the Houston Chronicle’s intrepid energy reporters can’t quite explain how the rip-off works. The pattern is certainly tradeable even if the daily-chart version of it has yet to yield a ‘mechanical’ short. Exploiting it profitably will take some ‘camouflage’ and elbow grease — on your brain, that is —  provided you’ve got the chops to rein in entry risk to no more than around $180 per contract.  _______ UPDATE (Aug 23, 6:30 p.m.): The October contract appears headed toward a ‘voodoo’ level at around 97.50 whence a potentially tradeable turn could come. This would NOT be an actual reversal point, just a place to anchor an rABC set-up.