WTI Crude Daily 11Sep


Wednesday's Auction

As noted in Wed's analysis, focus on response to 91.20s-91.60s was key in Thu's auction as selling interest drove price lower to the Avg Daily Range Low. Buying interest emerged there, driving price higher in aggressive short covering toward the Avg Daily Range High. Focus on response to 93s into Fri's auction as a potential Daily Buying Tail, 90.40s-91.20s, has developed. 

Thursday's Auction