WTI 25Nov

Wednesday's Auction
via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to Overhead Supply, 43.50s-43.30s, was key as selling interest emerged early in the Globex auction just below there, driving price lower as rotational trade developed ahead of the US Thanksgiving holiday. Barring a geopolitical catalyst, narrow rotational trade expected through Thursday's Globex holiday shortened auction.