WTI Crude: Daily TPO & Price. 23May
Overnight
As of 730 CST,
the market has continued sellside auction following yesterday's b structure generated from Bernanke's remarks. The market has achieved a Stopping Point at/near 92.66s and subsequent Balance Phase, 92.66s-93.70s.
The market is poised to open Gap Lower, implying significant sellside imbalance. Gap rules apply and response to Gap of focus into Pit open.