WTI 18Nov

Wednesday's Auction
via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to Key Demand Cluster, 40.70s-41s (41.71s-42s in the Jan contract) was key as Globex buying interest drove price higher from Key Support encountering selling interest post "bullish" EIA data, driving price lower toward 41.28s. Focus into Fri's auction on response to Key Overhead Supply/Thu Breakdown Area, 42s-42.40s.