Market has found short term support..
After a 13% move from $28 - $32, there is going to be short covering on any retracement.
As I speak WTIC spot is trading $30.70 after touching an intra day low during asia trading of $29.70.
I anticipate a small move back towards 34 -35 dollars, before more possible downside if fundamentals don't improve.
Cheers Lute
