WTI Crude Daily 19Dec

Thursday’s Auction 
As noted in Thu’s analysis, focus on response to Thu’s trade cluster, 53.50s-56.50s, was key Fri’s auction as buying interest emerged following the Globex  D shape distribution formation resulting in price discovery higher toward the Daily 1st Std Dev High. Focus on response to undefined resistance, 58.42s, into Mon’s auction.  
Friday’s Micro-Blog Excerpt I

Noted here during Friday’s auction is the development of the Globex D shape distribution, implying the potential for directional activity. Initiative buy programs then entered, driving price toward the initial upside expectation, Thu’s HVN, 55.85s.




 
Friday’s Micro-Blog Excerpt II

Noted here during Friday’s auction is the buyside trend continuation following the micro-balance near the initial upside target, 55.85s. Order flow informed the expectation for higher prices as the market traded toward the Avg Daily Range High expectation.









Friday’s Auction 

WTI Crude Daily 18Dec

Wednesday’s Auction 

As noted in Wed’s analysis, focus on response  to Wed’s Breakout Area/Low Usage Support, 56.80s-57.40s was key in Thu’s auction as selling interest drove price lower achieving a Stopping Point, 55.30s, near the Wed Buy Program Support, ultimately creating an unsecured low near 54.28s. Focus on response to Thu’s trade cluster, 53.50s-56.50s, into Fri’s auction. 
Thursday’s Micro Blog Excerpt

Noted here during Thursday’s auction, the development of the Structural Selling Tail, 58s-57.50s, implying the potential for price discovery lower. Initiative sell programs then entered, 56.30s-56.25s, and noted were the downside expectations, 55.20s, and the Average Daily Range Low, 54.54s, which was ultimately achieved into the NY close.
Thursday’s Auction
via The Daily