June Crude Oil futures are trading lower by $0.84 at $43.32 on in Thursday's session. In pre-market trading, it made a new high for the move, surpassing Wednesday's high ($44.26), reaching $44.49 before turning lower.
The ensuing decline has taken the issue well into the $43 handle and has found intra-day support at $43.05. If that low is breached, there are only minor support points in the $42 area, due to the limited trading in the handle during Wednesday's market rally.
So far, the rebound rally off the low has been capped at $43.65.
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