HOD closed the gap. HOU did not
What does that tell you about the erosion factor aka re-balancing? Tough trading this one today. It's really moving nicely off the 10.37. Finally made 20 cents. Not getting greedy here. Maybe they were trying to scare the long oils right when they left for lunch break ;)
$35 oil would be a real surprise to most traders simply because so many say they would buy it at this level. If it does make it, I'd be all over HOU or HEU or a combo of both.