WTI 12Apr

Wednesday’s Auction

As noted in Tue’s analysis, the focus into Wed’s auction on response to 53.43s, was key as minor range extension higher developed during Globex to 53.76s where selling interest emerged, driving price lower in a false Buyside Breakout, achieving an Unsecured Stopping Point Low, 52.98s, closing at 53.11s.

Focus into Thu’s auction on response to Wed’s Unsecured Low, 52.98s.