June Crude has broken above the 104.64 Hidden Pivot Midpoint where I’d told you to expect a crucial test of resistance. The intraday peak on Friday was just marginally higher, but it is sufficient to imply the 120.62 per barrel target is no worse than an even bet to be reached. We’ll stipulate that a two-day close above p is needed to confirm the rally is strong enough to reach D. Trump has been pushing the idea that energy prices drop sharply when things settle down in the Middle East, but I’d suggest putting your trust and confidence in these charts, which I will update as warranted.