CLU26 – September Crude (Last:88.88)

Trump has made a deranged mess of crude’s chart, although I have displayed only a small, simple piece of it to illustrate this week’s tout. It implies that Sep Crude should be shorted if it hits the green line (x=87.81), and that a 93.51 stop-loss just above the pattern’s ‘c’ high be used to manage entry risk. (I have obscured the pattern’s origins for proprietary reasons.) I am recommending the trade only to subscribers who know how to craft a ‘camo’ trigger to enter. It is predicated on a fall to 70.72, the ‘d’ target. ‘Camouflage’ entries are discussed in the Hidden Pivot Course I’ve made available free to all legacy subscribers and new ones who sign up for a full year.  The course once sold for as much as $2500 and was conducted “live” around the world. ______ UPDATE (Aug 20, 8:25 a.m.): With the futures trading nearly $2 above x=87.81 and not retracing even slightly, the hourly chart implies that a visual TI of 47 cents would be appropriate for getting short. The trade hasn’t triggered yet but based on the so-far high at 89.00, it would do so at 88.53, with half t0 be covered at 88.06. The nearest resistance is 90.35, a somewhat dubious ‘d’ that I would not lean on too heavily to cap the move. If the short-squeeze pushes easily past it, that would open a path most immediately to 97.06, a new contract-high.  The equivalent number for the October contract is 90.76, which would fall just shy of May’s record 91.27. This anomaly is due to backwardation’s effect on the ABC coordinates I’ve used for the respective contracts.