WTI Crude Daily 07Oct

Wednesday's Auction
via The Daily
As noted in Tue's analysis, the focus into Wed's auction on response to Tue's Upper Cluster, 47.70s-48.65s, was key as Globex buying interest drove price higher toward 49.65s. Selling interest entered following the "bearish" EIA data, driving price aggressively lower toward 47.85, Tue's Upper Cluster Low. Focus into Thu's auction on response to the 47.85s-48.85s.