WTI Crude Daily 14May

Wednesday’s Auction

As noted in Wed’s analysis, the focus into Thu’s auction on response to Wed’s Sell Spike, 61.25s-60.50s, was key as selling interest emerged in both the Globex & NY auctions within Wed’s Sell Spike resulting in price discovery lower toward the Composite POC, 59.20s. Focus into Fri’s auction on response to the Stopping Point Low, 59.36s.

Thursday’s Micro-Blog Excerpt

Thursday’s Auction