Crude has spent so much time churning in the mid-to-high 80s since March that one might as well flip a coin to guess where it’s going next. Presumably nowhere, or at least not far, but we tend not to short that outlook too aggressively, since crude is legendary for taking a story and running with it — in either direction. My coin-toss produced a mildly bearish chart that, regardless of price action in the week ahead, can serve as a framework for trading. It is neutral at the moment, having failed to reach p=82.97, an enticing spot for bottom-fishing. Nor did Friday’s upthrust to the green line trigger a ‘mechanical’ short, since it came off a low above p=82.97.