WTI Crude Daily 05Aug

Wednesday's Auction
As noted in Tue's analysis, the focus into Wed's auction on response to developing trade cluster, 46.25s-45.20s, was key as buying interest attempted to drive price higher on "bullish" EIA data. Selling interest entered at/near the 5day VWAP, driving price aggressively lower toward 44.80s. Focus into Thu's auction on response to 44.80s-45.20s. 

Wednesday's Live Blog Excerpt 
via The Daily