WTI Crude Daily 20Aug
Thursday's Auction
As noted in Wed's analysis, the focus
into Thu's auction on response to Prior Major Structural Support, 41.30s, for
confirmation/negation of the Sellside directional attempt was key as price
discovery higher toward the Breakdown Area/Prior Support developed. Focus into
Fri's auction on response to Thu's Upper Cluster, 41.30s-41.80s.