We could probably flip a coin at the start of each week to determine whether to trade this rabid badger from the long side or the short. It is skittish enough to generate profits in either direction, and to do so in Hidden Pivot Method-fashion — i.e., even when we are wrong, Although last week’s update featured a bullish chart, my bias is bearish and favors the 67.88 D target. That would make the futures a ‘mechanical’ short at x=86.79, although we’d need to be extra cautious because of the jittery price action of the pattern’s C-D leg since mid-July.
CLG23 – Feb Crude (Last:81.31)