WTI Crude Daily 10Apr


Thursday's Auction

As noted in Thu's analysis, focus into the Fri's auction on the developing Balance, 52s-50.60s, was key as selling interest drove price below Key Support, 50.60s, in stop clearing. Responsive buy programs entered, absorbing Supply, resulting in buyside rotation back through the multi-day Balance High. Focus into Mon's auction on response to Key Structural Resistance, 51.50s-52s.   




Friday's Auction