WTI Crude Daily 20Mar


Thursday's Auction

As noted in Thu's analysis, focus on response to the developing D shape structure, 44.80s-46s, was key in Fri's auction as buying interest emerged, driving price higher toward Key Structural Resistance, achieving a Stopping Point 47.43s. The market formed a Structural Buying Tail, 45.70s-46.30s. Focus on response to 46.30s-46.70s into Mon's auction. 



 
Friday's Micro-Blog Excerpt

Noted here during Fri's Auction
(highlighted in yellow) 

  • Continued buying interest at/near Key Structural Support, 44.65s-45s, during the Globex auction implied potential for price discovery during the NY auction toward Key Structural Resistance, 47s-47.50s.
  • Buying interest off the NY open.
  • Buyside momentum extremes, 46.23s & 47.15s, ultimately followed by the Stopping Point High, 47.43s, near the Avg Daily Range High, within the Key Structural Resistance Area.


Friday's Auction
at
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