WTI Crude Daily 09Feb



Friday's Auction 

As noted in Fri's analysis, focus on response to Resistance, 53.15s-53s, was key in Mon's auction as selling interest emerged there during the Asia auction, diving price lower toward Fri's Key Support, 51.70s. Buying interest emerged there, driving price higher toward the Avg Daily Range High. Focus on response to Mon's Selling Tail into Tue's auction.






 


Monday's Micro-Blog Excerpt 
via The Daily

Noted here is the development of Mon's Structural Buying Tail as it unfolded, implying the potential for price discovery higher toward the key upside reference levels provided. Ultimately, this probability path unfolded toward the Average Daily Range Expectation. 









Monday's Auction