WTI Crude Daily 26Feb



Wednesday's Auction
via The Daily
 
As noted in Wed's analysis, focus on response to Wed's Buy Spike, 50s-51.10s, was key in Thu's auction as the Spike failed to hold as support, implying potential for price discovery lower. Selling interest drove price lower culminating in a Structural Sell Spike formation, 49.35s-47.80s, toward the Daily 1st Std Dev Low. Focus into Fri's auction on response to Thu's Sell Spike.




Thursday's Auction