WTI 17Nov

Tuesday's Auction
via The Daily

As noted in Mon's analysis, the focus into Tue's auction on response to 42.25s-41.50s, was key as selling interest emerged there driving price lower toward 40.60s, near the ADR Low and Mon's Buy Program Support Area. Focus into Wed's auction on response to Key Demand Cluster, 40.70s-41s (41.71s-42s in the Jan contract) as liquidity shifts to the Jan contract.