WTI Crude Daily 14Apr



Monday's Auction

As noted in Mon's analysis, focus on response to Key Demand Cluster, 51.50s-52s, was key in Tue's auction as buying interest drove price higher toward the Avg Daily Range High. Focus on response to 53.70s into Wed's Auction. 






Tuesday's Micro-Blog Excerpt

Noted here during Tue's auction
(highlighted in yellow) 

  • Buying interest emerged at/near 52.50s amidst a new Net High in Buyside Delta. 
  • Initiative buy programs (IBP) entered at/near 52.80s-52.85s, implying potential for price discovery higher.
  • Key upside reference levels including our Avg Daily Range High Expectation, 53.76s. Ultimately, the market auctioned toward the Avg Daily Range High. 
 
Tuesday's Auction
via The Daily