WTI Crude Daily 28Jul

Tuesday's Auction
As noted in Mon's analysis, the focus into Tue's auction on response to Mon's Unsecured Low, 46.90s, was key as modest price discovery lower developed toward 46.68s, where buying interest emerged, driving price higher in short covering inventory adjustment toward 48.45s, the 5day VWAP within the context of Daily Value Overlapping Higher. Focus into Wed's auction on response to 47.80s-48.40s.


Tuesday's Micro-Blog Excerpt