WTI Crude: Daily TPO & Price. 14Nov

Overnight:

As of 730 CST, 
the market has auctioned below Wed Settlement, 93.90s, trading toward Wed’s Key Breakout Level, 93.50s, which has failed to hold as support.

Wed’s auction saw re-emergence of sell programs at/near the prior Key Structural Level/POC & Tue’s Breakdown Area, 94.50s. Focus on response to potential restest of Major Structural Support, 93s, into Pit session. 

EIA & Yellen Senate Committee Hearing pending….






Our daily statistical levels study plotting key reference levels/price for 12Nov & projected levels/inferential analysis for 13Nov.

Result?….
Following Tue’s Structural Breakdown/Long Liquidation toward Major Structural Support, 93s, buy programs drove the market higher Wed, achieving the Stopping Point High, 94.54s, at/near the Avg Daily Range High, as inferred by Tue’s statistical & inferential analysis.
Knowledge of the Structural Significance of 93s and the implications  of either buyside or sellside failure at that level informed our subscribers of potential destinations in congruence with the market structure. In this case, long positions toward Statistical Resistance Expectations (94.43s) offered asymmetrical opportunity upon buyside defense of 93s, Major Structural Support. 
Holistic analysis based on the market generated data and probability logic. 
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WTI Crude: Daily TPO & Price. 13Nov

 

Overnight:

As of 730 CST, 
the market has auctioned above Tue Settlement, 93.13s, following Tue’s +2Std Dev directional phase, as the market seeks a Balance phase, 92.85s-93.50s.

Focus on response at potential Balance High area, 93.50s, into Pit session.  

 Our daily statistical study plotting key reference levels/price for 11Nov & projected levels/inferential analysis for 12Nov.
Result?…
Following further development around the Key Structural POC, 94.50s, sell programs entered, driving price lower as long liquidation resulted in achieving the Stopping Point, 92.83s, at/near the Daily 2nd Std Dev Low, as inferred by the statistical levels & inferential analysis.
Knowledge of the Structural Significance of the 94.50s (the Weekly POC) and the implications of either buyside or sellside failure at that level informed our subscribers of potential destinations in congruence with the market structure. In this case, short positions toward Statistical Support Expectations (93.83s,93.38s,92.93s) offered asymmetrical opportunity upon failure of 94.50s to hold as support. 
Holistic analysis based on the market generated data and probability logic. 
Interested in what to look for tomorrow?
Please visit our subscription page for a free trial.