WTI 12Nov

Thursday's Auction
via The Daily

As noted in Wed's analysis, the focus into Thu's auction on response to Key Structural Resistance, 43.40s-43.60s, was key as selling interest emerged there in the Globex auction driving price lower as a Gap Lower open developed. Consistent with the market generated data, price discovery lower developed to the Avg Daily Range Low. Focus into Fri's auction on response to the current Stopping Point Low, 41.60s.