WTI Crude Daily 06Jan



Monday's Auction

As noted in Mon's analysis, focus into Tue's auction on response to 49.95s was key as selling interest drove price below that Key Structural Support during the Globex auction forming a Gap Lower open. Consistent with the market generated data, the Gap Lower resulted in price discovery lower toward the Daily 1st Std Dev Low. Focus on response to the Undefined Low, 47.50s, into Wed's auction. 



Tuesday's Auction