WTI Crude Daily 15Apr




Tuesday's Auction

As noted in Tue's analysis, focus on response to 53.70s was key in Wed's Auction as buying interest entered, driving price and value higher toward the Daily 2nd Std Dev High. Focus into Thu's auction on response to Wed's Buy Spike. 





Wednesday's Micro-Blog Excerpt

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

  • Buying interest enters at/near 54.10s-54.15s, filling in the NY auction Selling Tail, negating the prior structural short premise. 
  • Following the "bullish" EIA data catalyst, initiative buy programs (IBP) entered at/near 54.60s as the expectation developed for price discovery higher. 
  • Key upside reference levels including Major Structural Resistance, 56s. Ultimately, the market auctioned toward 56s before a Structural Buy Spike developed higher into the close.


Wednesday's Auction
at
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