WTI Crude Daily 23Jun

Monday's Auction

As noted in Mon's analysis, the focus into Tue's auction on response to Key Structural Resistance Cluster, 60.25s-60.63s, was key as the Globex sellside directional attempt failed, resulting in short covering inventory adjustment toward the Avg Daily Range High. Focus into Wed's auction on response to Tue's Unsecured High, 61.42s.