WTI Crude Daily 14Aug

Friday's Auction
As noted in Thu's analysis, the focus into Fri's auction on response to Thu's lower cluster, 42s-42.40s, was key as Globex selling interest drove price aggressively lower encountering aggressive responsive buying which drove price higher forming a Structural Buying Tail, 41.35s-41.80s, resulting in price discovery higher. Focus into Mon's auction on response to Key Structural Support, 42.25s-42s.