US OIL is currently crapping itself in pre-market futures trading. There was no support as it surpassed the 49.2 per barrel mark.
This fits exactly what was outlined in previous ideas Re: OIL and resistance it had NO CHANCE to pass in the 49s. It is currently tracing way back and the full pullback should push it sub-45/b.
See attached Idea Re: the simultaneous nature of the S&P crapping along with USOIL, a strong indicator of economic activity.