WTI Crude Daily 08Apr


Tuesday's Auction

As noted in Tue's analysis, focus into Wed's auction on response to Tue's unsecured High, 54.13s, was key as selling interest emerged after the NY close, driving price lower into the NY auction. Selling interest entered following the "bearish" EIA data, driving price aggressively lower beyond the Daily 2nd Std Dev Low, the maximum daily expectancy. Focus into Thu's auction on response to Wed's Sell Spike, 51.30s-50.40s.  


Wednesday's Auction