Way after the fact and master of the obvious commentary but just got in. High of inside day from Feb 8th is "area" of support we are trading off of. Another upside break of 74.45 should carry to 75 area.
Chillax in the June flat price futures, guys. The CL M-N10 exchange supported implied spread had volume of 155K yesterday, and the commercial strip roll is ruling the roost at the moment. When commercials are rolling, models are usually shit. (not to mention your ETFs and GSCI types). I'm not saying don't trade, FWIW when July is the front month you will certainly notice a 'smoother' or 'better behaved' market (if that's possible with crude). Lots of 'tic shake' and trend 'coitus interupptus'.