Crude Oil - When Elvis Leaves The Building ($68)Crude Oil FuturesNYMEX:CL1!HowToChartGeopolitics suggests a temporary halt to the war in Iran. Is it true? We can't count on this "news". Let's rely on our pitchforks/median lines: Price is nagging at the orange L-MLH multiple times now. The last tiny support is the red dotted line - the Sliding-Parallel. This is the door to lower prices. If "Elvis" walks through that door, we will probably see a waterfall of stop-runs and more shorts piling in. My first target is the 50% line of the whole projected move. Then the warning line. And by the way: The WL1 builds a compelling confluence with the GAP from March for a target. Let's see if Elvis plays a smooth love song, lifting crude prices to new highs, or if he slaps his guitar like a real rock 'n' roller from the good old days and sends prices roaring down to our target levels. Best Emilio