WTI Crude Daily 17Apr


Thursday's Auction

As noted in Thu's analysis, focus on response to Key Structural Resistance, 56.70s, was key into Fri's auction as selling interest emerged at/near there both in the London and NY auctions as Balance development unfolded amidst the May-Jun contract roll with Value auctioning largely sideways following Thu's Structural Stopping Point High, 57.40s. Focus into Mon's auction on response to Fri's Sell Spike. 



Friday's Auction