WTI Crude Daily 16Sep

Monday's Auction

As noted in Mon's analysis, focus on response to Key Overhead Supply Cluster, 92.50s-93.50s, was key in Tue's auction as buying interest drove price aggressively higher through the Key Resistance Cluster toward the Daily 2nd Std Dev High within the Major Supply Cluster overhead, 95.80s-94.20s. Focus into Wed's auction on potential for a pullback toward the Breakout Point/Prior Resistance, 94s-93.50s.
US EIA/FOMC Announce Wed

Tuesday's Auction