I am treating Friday’s low at 80.56 as potentially important, since the pattern from which it is derived took more than five weeks to play out. Only two coordinates are shown for proprietary reasons, but the other two are easy enough to identify if you care. Notice that the low missed the actual target by 85 cents. I suspect this was due to front-running, which if true would mean the clowns and algos have gotten better at playing our game. That’s okay, though, since we can keep a step ahead of them simply by using reverse-pattern triggers as detailed in the Hidden Pivot Course. Most immediately, expect more upside to at least 89.04, a minor ‘d’ target. If it is easily exceeded, especially on first contact, that would suggest the recent low is likely to hold for a while and that quotes are headed back toward $100/barrel or higher.
CLK26 – May Crude (Last:)