WTI 15Feb

Wednesday’s Auction

As noted in Tue’s analysis, the focus into Wed’s auction on response to developing Balance, 53.70s-52.80s, was key as Globex buying interest emerged at 52.90s, driving price higher through the EIA release, achieving the Stopping Point High, 53.51s. Selling interest emerged there, rejecting the high, as long liquidation developed into mid-auction back into Key Demand Cluster, 52.80s-53s, closing at 53.11s.

Focus into Thu’s auction on response to Key Demand Cluster, 52.80s-53s.

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