WTI Crude Daily 04Nov


Monday's Auction 

As noted in Mon's analysis, focus on response to Mon's Sell Spike, 80s-78.60s, was key in Tue's auction as price discovery lower continued, driving price toward the Daily 1st Std Dev Low within the Jun-Jul 2012 Demand Cluster, 74.50s-78.20s. Focus on response to the Buying Tail, 75.85s-76.25s, into Wed's auction. US EIA Wed. 

Tuesday's Auction