The December contract tripped a theoretical sell signal when it dropped below the green line on Friday; we’ll ignore this for now and give bulls the benefit of the doubt. But our flexibility is predicated on a test of support at the red line, a midpoint Hidden Pivot support at 67.66. It was exceeded more than marginally on Friday, but if a second closing bar replicates this next Friday, that would open up a corrective path down to d=63.275. And, heaven forbid, if that support fails, a decisive breach would be the most bearish signal we’ve seen on the weekly chart since March.