WTI Crude Daily 09Oct


Wednesday's Auction
As noted in Wed's analysis, focus in Thu's auction on response at/near 88s, was key for confirmation or negation of the breakdown. Selling interest drove price lower toward 85.60s, the Avg Daily Range Low. Upon the Globex reopen, selling interest drove price lower from Thu's Low toward 84s, near the Daily 1st Std Dev Low.  Focus into Fri's auction on Major Yearly Support, 86s-84.60s, and the potential for Gap Lower open. 

Thursday's Auction