$.55 down on the May contracts. You might see this number test $110 max low. As I posted earlier every oil dip is going to be bought very aggressively. Oil has become a currency now. Supply/demand argument is irrelevant short term.
Did you see what October is doing? October contracts up $2.35. Investors are just exiting their front month contracts to later months.
I don't even look at oil when I trade it. I'm following the dollar. Till I see a headline Big Ben is raising rates there is nothing to fear on my long position. United States is swimming in a world of debt with 0% rates. My next oil purchase will come on a hit of $110 or a cross of $115. Will get superheavy on either number.
Lebron James you should stick to playing hoops and let me handle that $50 million you make a year.