WTI Crude Daily 05Dec

Thursday's Auction 

As noted in Thu's analysis, focus on response to 66.70s-67s, was key in Fri's auction as selling interest emerged there both in the Globex session and following the "bullish" US NFP data, driving price lower toward the Avg Daily Range Low before short covering inventory adjustment unfolded toward the Breakdown Area, 66.20s-66.50s. Response to the Trade Cluster, 66.20s-66.80s, into Mon's auction. 

Friday's Auction 

Friday's Micro-Blog Excerpt

 
Noted Here:
The selling interest emerging at the High, the failure of the buyside at the Globex High, the subsequent selling excess and unsecured low that implied the potential for price discovery lower toward the Avg Daily Range Low provided in the Daily study.