As noted in Mon’s analysis, the focus into Tue’s auction on response to Key Supply Cluster, 43.40s-43.60s, was key as Globex buying interest drove price higher through Mon’s High as a Gap Higher open developed, 43.87s. Buying interest emerged early in NY, confirming the Gap, before initiative buying emerged at 43.90s, driving price higher in Buyside continuation, achieving the Stopping Point High, 44.44s, near Key Structural Resistance, where self-similar responsive selling emerged, closing at 44.24s.
Focus into Wed’s auction on response to Key Structural Resistance, 44.44s.
The Focus Into Tue 27Jun Centered Upon Response To Key Resistance, 43.65s.
Wed's Auction Saw Globex Buying Interest Resulting In A Buyside Breakout In A Gap Higher Open, 43.87s. Buying Interest Emerged Early In NY, Confirming The Gap, Driving Price Higher To 44.44s At Our Avg Daily Range High Expectation Near Key Structural Support Where Self-Similar Selling Interest Emerged.
As noted in Fri’s analysis, the focus into Mon’s auction on response to developing Balance, 42s-43.75s, was key as Globex buying interest drove price higher, achieving the Stopping Point High, 43.65s, near Key Resistance. Self-similar responsive selling entered there, driving price lower in controlled selling, achieving the Stopping Point Low, 42.63s, into mid-auction. Responsive buying interest emerged, driving price higher to 43.50s, closing at 43.38s.
Focus into Tue’s auction on response to Key Supply Cluster, 43.40s-43.60s, as trade continues to develop above the Stopping Point Low, 42.05s.
WTI Daily 23Jun17
The Focus Into Mon 26Jun Centered Upon Response To Key Resistance, 43.20s.
WTI Daily 26Jun17
Mon's Auction Saw Globex Buying Interest To 43.65s Near Key Resistance Where Self-Similar Selling Interest Emerged, Driving Price Lower Within Balance To 42.63s Where Buying Interest Emerged, Continuing Balance Development.
As noted in Wed’s analysis, the focus into Thu’s auction on response to Wed’s SPL, 42.05s, did not come into play as Globex Balance developed around Wed Settle as Buying interest emerged, 42.35s, driving price higher toward 43s into the NY open. Initiative buying developed at 43s, driving price higher to 43.32s near Composite POC into mid-auction where selling interest emerged before closing at, 42.74s.
Focus into Fri’s auction on response to Key Demand Cluster, 42s-42.80s, within the context of Balance development.
WTI Daily 21Jun17
The Focus Into Thu 22Jun Centered Upon Response To Key Support, 42.05s.
WTI Daily 22Jun17
Thu's Auction Saw Buying Interest Near Wed Settle (Above 42.05s) Driving Price Higher In Rotational Trade Achieving The Stopping Point High 43.32s Near Composite POC Where Selling Interest Emerged, Closing At 42.74s.