WTI Crude Daily 13Aug

Thursday's Auction
via The Daily

As noted in Wed's analysis, the focus into Thu's auction on response to developing Balance, 42.80s-43.90s, was key as selling interest entered, driving price lower to the Avg Daily Range Low, challenging the Major Structural Support, 42.40s. Focus into Fri's auction on response to Thu's lower cluster, 42s-42.40s, within context of Daily Value Lower at/near Major Structural Support.