Crude bounced with enough vigor at week’s end to suggest that this bear rally will reach a minimum 79.90, a Hidden Pivot target that lies $3.40 above Friday’s settlement price. If the futures fall first to 74.60 without going higher than 77.34 (or so), they will trigger an attractive ‘mechanical’ buy with a stop-loss at 72.92. I have not provided an illustration because the technical details are proprietary, but the tactic is covered explicitly in the free course I’ve made available to subscribers.
CLQ26 – August Crude (Last:76.54)