WTI Crude: Daily TPO & Price. 23Aug





Overnight:

The market has balanced, 105.45s-104.70s, around Thu Settlement, following yesterday's short covering rally/inventory adjustment into the Thu close.

Focus into the Pit session on the response to the current trade cluster high, 105.35s. Sellside failure there would result in trade higher into overhead low usage area, 105.50s-107s. Should sellside defend the high, rotational trade through the current trade cluster, 105.35s-103.50s, would be the expectation.