WTI Crude: Daily TPO & Price. 16Apr
Overnight
As of 730 CST,
the market auctioned lower from Mon Settlement, 88.70s, toward the Major Structural Support, 86s, referenced in the weekend review.
The market encountered the buy response there auctioning the market back toward the Mon Settle.
The market has achieved a Stopping Point in the Globex session at/near a Major Structural Support.
Focus on 86s & Mon Settlement, likely development of balance phase.