The decent trade below $61.41 (+.9 of a tic per/hour) projects this downward $2.95 (+). We have seen $3.99 of this so far. Decent trade below $57.95 (+.4 of a tic per/hour starting at 9:00am) should bring in continued pressure for $1.35 minimum, $8.20 (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in. NOTE: this is just a small portion of the market calls I provide my clients twice daily that cover the energy spectrum. If interested, please feel free to reach out for a free trial.
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