Last Week's Auction
As noted in
last week's analysis, focus on potential development of the Structural Stopping
Point Low, 100.40s, was key as selling interest drove price lower to challenge
Major Structural Support, 99s, at/near the Apr-Jul Composite Cluster Low. Buying
interest responded there, driving price aggressively higher toward the Avg
Weekly Range High on "bullish" EIA data and heightened geopolitical
risk narrative as Aug-Sep contract roll unfolded.
This Week's Auction
