WTI 14Feb

Tuesday’s Auction

As noted in Mon’s analysis, the focus into Tue’s auction on response to Mon’s Unsecured Low, 52.77s/Demand Cluster, 52.80s-53s, was key as Globex buying interest emerged there, driving price higher into London achieving a Stopping Point, 53.44s. Buying interest emerged at 53.45s, driving price higher in early NY, achieving the Stopping Point High, 53.72s, where selling interest emerged, driving price lower to 53s as Balance development unfolded, 52.77s-53.72s, closing at 53.20s.

Focus into Wed’s auction on response to developing Balance, 53.70s-52.80s.

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