WTI Crude: Daily TPO & Price. 15May





Overnight

As of 730 CST, 
the market has auctioned lower from Tue Settlement, 94.21s, continuing price discovery lower from yesterday’s late session double distribution structure, achieving the Stopping Point at/near 92.90s.

The market is poised to open Gap lower into Pit session, indicating structural imbalance. Response to the Gap will be of focus as Gap rules apply. 

EIA pending….