WTI 10Feb

Wednesday’s Auction
via The Daily

As noted in Tue’s analysis, the focus Wed’s auction on response to the Sellside Breakdown/Prior Support, 29s, for confirmation/negation of the Sellside directional attempt. Despite “bullish” EIA data, selling interest emerged near 29s, driving price lower in continued Sellside price discovery. Focus into Thu’s auction on response to Wed’s Stopping Point Low near Major Structural Support, 27.50s.

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