Back to yesterdays low? Maybe not for the HOU but the TITTEN is showing it could pop back there. I see the May WTI contracts had a 44.77 before open this morning and appears to be moving back there. They took off yesterday at 44.65.The april contract was at 42.75 and had taken off yesterday at 42.55.
If this is all the rebound oil can do after the move into a new low yesterday, I will have to admit being all washed up. My guess is HOU will hold yesterdays low giving oils a chance to pull up abit before another June sell off and another leg down.
Just started another position on hou for a trade.