80 per barrel is another natural # in the WTI.

We don’t think there is a lot left to the downside in the WTI before we see a decent bounce

We’ll be monitoring this instrument for signs of a short term bottom and a possible BUY after the opening.

We’ll need to see at least an 80 point reversal back up in the crude to confirm some type of trade-able low.
This could come from as low as the 78 handle or around last years low in the crude 77.65.

Price action will tell! We are watching for signs of a possible reversal. We are NOT stepping out yet!!!!