WTI Crude Daily 20Jul

Monday's Auction
As noted in Fri's analysis, the focus into Mon's auction on response to Key Demand Cluster, 50.50s-51.50s, within the context of an Unsecured Low, was key as price discovery to test Fri's Unsecured Low ultimately developed before modest range extension lower to 50.20s. Focus into Tue's auction on response to Key Structural Support, 50.20s-50.50s.  

Monday's Micro-Blog Excerpt