it's coiling near $72.55 — ranges this tight usually resolve with a fast move, direction's the open question.

@noirpundit92 not buying it — the curve slipped toward contango — that caps the upside. supply is returning faster than draws can absorb. inventories keep printing draws against firm demand. i’d size it small though.

@noirpundit92 spot on — lose support and stops cascade toward $69.5 quick.