WTI Crude Daily 07Jul

Tuesday's Auction
As noted in Mon's analysis, the focus into Tue's auction on response to Mon's Unsecured Low, 52.42s, was key as the market retested the low before selling pressure ultimately drove price lower toward the Daily 1st Std Dev Low. Focus into Wed's auction on response to the Key Breakdown Area/Overhead Supply Cluster, 53.43s-52.10s.