WTI Crude Daily 03Aug

Monday's Auction
As noted in Fri's analysis, the focus into Mon's auction on response to Key Structural Stopping Point Area, 46.60s-47.10s, was key as selling interest entered there, driving price lower toward the Daily 1st Std Dev Low. Focus into Tue's auction on response to Mon's Sell Spike.

Monday's Live Blog Excerpt


WTI Gap Lower Opens
via The Daily
Monday's auction saw a structural Gap Lower open. Based on the market generated data, this market structure implied asymmetric potential for lower prices. The market ultimately saw price discovery lower toward the Daily 1st Std Dev Low.