WTI Crude Daily 17Jun

Wednesday's Auction

As noted in Tue's analysis, the focus into Wed's analysis on response to maturing Balance, 60.20s-59.50s, was key as buying interest drove price higher to the Avg Daily Range High where a Selling Tail formed, ultimately resulting in sellside price discovery toward the Avg Daily Range Low. Focus into Wed's auction on Key Demand, 58.60s-59s. 


Wednesday's Micro-Blog Excerpt