WTI Crude: Daily TPO & Price. 19Nov
Overnight:
As of 730 CST, the market has balanced within Mon's lower cluster, 93.35s-93.75s, before sell programs entered driving price lower as initiated sellers attempted to challenge the Major Structural Support, 93.10s, achieving the Stopping Point Low at/near 93.22s.
Responsive Buy Programs entered there, driving price higher, back into prior Balance, forming a small Structural Buying Tail, 93.20s-93.35s. This implies potential for a low, and focus on response to Buying Tail & 93.55s into Pit session.
Dec-Jan Contract Roll Continues....