WTI Crude Daily 06Feb





Thursday's Auction

As noted in Thu's analysis, focus in Fri's auction on response to Thu Selling Tail, 52s.10s-51.75s, was key as buying interest filled in the Selling Tail, ultimately developing value higher, resulting in price discovery toward the Daily 1st Std Dev High. Focus on response to Resistance, 53.15s-53s, into Mon's auction. 







 



Friday's Micro-Blog Excerpt
via The Daily

Noted here is Fri's selling interest off the NY open, driving price lower through the GLobex range. Initiative sell programs (ISP) entered at/near 51.75s, driving price lower toward the Key Structural Support Level, 51.15s, before responsive buy programs entered at/near 51s-51.10s. 









Friday's Auction
via The Daily