It took the futures several days to get off the launcher following the ‘buy’ signal noted here a week ago, but by Friday they were on their way to an all but certain rendezvous with the 104.94 target shown. Because investors are obsessed with oil’s every move, we can infer that stocks will continue to fall as energy jitters ratchet higher. The target pattern is very well-formed for reasons I won’t go into here, but that means D can be shorted with the tightest possible stop. Please note that a decisive move through this Hidden Pivot resistance would open a path to as high as 125.26 over the near term, or even to 178.89, a target broached here earlier.
$CLK26 – May Crude (Last:101.18)
Posted on March 29, 2026, 5:22 pm EDT
Last Updated March 28, 2026, 12:05 am EDT