WTI Crude Daily 18May

Friday’s Auction
As noted in Fri’s analysis, the focus into Mon’s auction on response to Key Supply Cluster, 59.80s-59.40s, was key as buying interest entered there, diving price higher  toward 61s as Jun-Jul contract roll completed. Focus into the Tue’s auction on response to the Buying Tail (Jul Contract 59.80s-60.20s).

Monday’s Auction