WTI 23Nov

Monday's Auction
via The Daily

As noted in Fri's analysis, the focus into  Mon's auction on response to Fri's Breakout Area, 41.90s-41.70s, was key as the market saw selling interest early in the Globex auction driving price lower toward the ADR Low into the London auction. Responsive buy programs entered, driving price higher toward Fri's High before the Sellside capped the auction. Focus into Tue's auction on response to Prior Breakdown/Major Structural Resistance Area, 42.40s-42.75s.