August Crude’s histrionics have been easily tradeable, most recently via a nasty dive on Thursday from within three cents of a rally target advertised here when fresh touts went out to you last Sunday evening. The futures rampaged to a strong close on Friday that could get legs, but more immediately they will face resistance from the 74.29 Hidden Pivot resistance shown in this chart. Pivoteers familiar with reverse-pattern (rABC) trades can try it with a trigger interval no greater than 16 cents, but be alert to a possible short squeeze that blows the target to smithereens when trading resumes this evening.
CLQ23 – August Crude (Last:73.67)
