WTI Crude Daily 01Apr



Tuesday's Auction

As noted in Tue's analysis, focus on response to Key Structural Demand Cluster, 47.30s-48.70s, was key in  Wed's auction as buying interest drove price higher toward the Daily 2nd Std Dev High. Focus on response to retracement to the Breakout  Area/Prior Resistance, 49s-48.50s into Thu's auction.





Wednesday's Micro-Blog Excerpt

Noted here during Wed's NY auction (highlighted in yellow)

  • Initiative buy programs (IBP) driving price higher from 48s. 
  • 30min Buyside Delta Momentum extreme reached at/near 49.20s with the expectation for a higher priced Stopping Point.
  • Key upside reference levels to the Daily 1st Std Dev High, 49.69s. Ultimately, the market achieved the Stopping Point High near the Daily 2nd Std Dev High expectation, 49.69s. 

Wednesday's Auction