Switching to the October contract, I’ve used a conventional pattern and a conservative target to project imminent upside to at least 88.96.  The next resistance would be somewhat higher, at 90.70, a Hidden Pivot derived from shifting the point ‘A’ low down to July’s 70.89 print. Any higher would require a pattern derived from a longer-term chart.  Here it is, and the highest price it can project is 102.60. If correct, it would imply that the Hormuz standoff will end, although predicting exactly how seems beyond the capabilities of the punditry or even Trump himself.