WTI Crude Daily 12May


Monday's Auction

As noted in Mon's analysis, the focus into Tue's auction on response to 58.75s-59.25s, was key as buying interest emerged there during the London auction, driving price higher, ultimately encountering further buying interest at 59.80s, driving price toward the Avg Daily Range High. Focus into Wed's auction on response to Tue's Selling Tail, 61.15s-60.95s.




Tuesday's Micro-Blog Excerpt



Tuesday's Auction