Oil is having none of the risk rebound
One spot where the risk rebound isn't gaining any traction is the oil market. WTI is at a fresh low on the day, down $1.15 to a low of $50.42.
It momentarily touched the same levels at the market open but only for a second. Now there is sustained, high-volume trade at that level.
More importantly, the June and August lows stretching down to $50.52 have broken. That's a huge level and tees up a test of $50.
