WTI Crude Daily 07Nov


Thursday's Auction 

As noted in Thu's analysis, focus in Fri's auction on response to Thu's  Demand Cluster and Buying Tail area, 77.10s-77.40s, was key as buying interest emerged near 77.40s in the London session ultimately driving price higher achieving the Stopping Point High near the Avg Daily Range High within overhead Low Usage Resistance. Focus on response to Key Structural Resistance, 79.40s, and High Usage Resistance, 80.20s, into Mon's auction. 

Friday's Auction