WTI Crude Daily 30Apr

Wednesday's Auction
via The Daily

Thu's auction saw minor retracement toward 58.40s within the context of developing Balance, 58.40s-59.40s, following Wed's Buyside Directional Breakout. Focus into Fri's auction on response to the current Unsecured High, 59.85s.    

Thursday's Micro-Blog Excerpt

Noted here during Thu's auction
(highlighted in yellow)

  • Following buying interest at/near Wed's Breakout Point, 58.85s, a d shape distribution developed, 58.50s-58.90s, implying the potential for directional price activity. 
  • Initiative buy programs (IBP) entered at/near 58.70s-58.75s, as the expectation for price discovery higher developed based on structural and order flow developments.
  • Key Upside Reference Levels including Low Usage Resistance Overhead, 60s. Ultimately, the market traded higher toward 59.85s. 

Thursday's Auction

WTI Crude Daily 29Apr

Tuesday's Auction
via The Daily 

As noted in Wed's analysis, focus on response to 57.30s-56.90s, into Wed's auction as balance developed  just below there into NY auction. Buying interest entered early in the NY auction, at/near Key Support, 56.90s, driving price aggressively higher, achieving the Stopping Point High, 59.35s, near the Daily 1st Std Dev High. Responsive sell programs entered, developing Balance, 59.30s-58.30s. Focus into Fri's auction on response to Breakout/Prior Support, 57.80s-58s. 

Wednesday's Auction