WTI Crude Daily 03Jun

Wednesday's Auction
via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to Tue's Unsecured High, 61.60s, was key as Wed's EIA data was used to retest the Stopping Point High. A Structural Selling Tail developed, implying potential for lower prices as the market traded toward 59.34s, the Daily 1st Std Dev Low. Focus into Thu's auction on response to Key Demand Cluster, 59.40s-59.60s.  


Wednesday's Micro-Blog Excerpt