Last January I made some bold predictions on crude oil. When the Analysts at Goldman Sachs and several other larger firms where calling for oil to go under $20 a barrel, I tweeted that WTI Oil would bounce off the Floor traders YearlyS1 Pivot point @ $26.85 on the Feb. cntc.
The low of the year was actually at $26.05 intraday. Over a month period CL oil made an IHS pattern on the YearlyS1 Floor Traders Pivot.
Then had rallied back up to the Yearly(P) Pivot in May. Price moves Pivot to Pivot.