WTI Crude Daily 12Aug

Wednesday’s Auction
As noted in Tue’s analysis, the focus into Wed’s auction on response to the Stopping Point Low, 42.69s, was key as  buying interest emerged near there both in the Globex and NY auctions. Focus into Thu’s auction on response to developing Balance, 42.80s-43.90s, within the context of Daily Value sideways at/near Major Structural Support.