WTI 11Nov

Wednesday's Auction
via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to developing Balance, 44.07s-44.70s, was key as selling interest early in the Globex auction drove price lower, ultimately in a Sellside structural breakdown below 43.50s. Focus into Thu's auction on response to Key Structural Resistance, 43.40s-43.60s.