WTI Crude: Daily TPO & Price. 27Aug



Overnight

As of 730 CST, 
the market has auctioned higher from Mon Settlement, 105.92s, achieving the Globex Stopping Point, 108.56s, at/near the Daily 2nd Std Dev High. 

The market has auctioned toward Major Structural Resistance, 108.80s, of the multi-week Balance, 102.20s-108.80s, aided by the Syrian narrative. 

Market poised to open Gap higher into Pit session.  Focus on both response to possible Gap and Major Structural Resistance cluster, 108.80s-108.20s. 

WTI Crude: Daily TPO & Price. 01Aug






Overnight

As of 730 CST, 
the market has auctioned higher from Wed Settlement, 105.05s, achieving a Stopping Point, 107.10s, at/near the Daily 1st Std Dev High

Following yesterday’s failure of the structural breakdown below Key support, 104s, inventory adjustment upside has occurred. Market poised for Gap open higher into Pit session. Gap rules apply.