WTI Crude Daily 02Jan


Wednesday's Auction
via The Daily
 
As noted in Wed's analysis, focus on response to the Breakdown Area/Prior Support, 54s-54.30s, was key in Fri's auction as initial price discovery higher toward the Avg Daily Range High/Key Structural Resistance resulted in selling interest that drove price to new lows in minor range extension. Focus into Mon's auction on response to 52s-52.50s.




Friday's Auction