Wednesday's Auction
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| WTI NY Buying Tails |
As noted in Wed's analysis, focus on response to Wed's Buying Tail, 74s-74.50s, was key in Thu's auction as buying interest in the Globex session at Wed's Buying Tail implied the potential for higher prices into the Pit session. This probability path played out as the market auctioned toward 75.90s, near the Avg Daily Range High. Focus on response to Key Structural Resistance (Prior Breakdown Area), 76s-76.50s, into Fri's auction.
Thursday's Auction
