Wednesday's Auction
WTI Gap Lower Opens |
As noted in Wed's analysis, focus on response to the POC at/near 77.30s within the 02-12Nov Composite Trade Cluster, 77.60s-77s, was key in Thu's auction as selling interest drove price lower from there in a Structural Breakdown below Major Support, 75.80s. Focus into Fri's auction on response to the undefined Support Area, 74s, within the Jun-Jul 2012 Demand Cluster.
Thursday's Auction