WTI Crude Daily 09Dec

Monday's Auction



As noted in Mon's analysis, focus on response to 62.78s, undefined support, was key in Tue's auction as price discovery lower continued early in the Globex session, achieving the Stopping Point Low, 62.20s, where buying interest emerged, driving price aggressively higher, developing Balance, 62.25s-64.20s. Focus on response to the Balance into Wed's auction.






 

Tuesday's Auction