WTI 26Jul

Tuesday’s Auction
via The Daily

As noted in Mon’s analysis, the focus into Tue’s auction on response to Mon’s Unsecured Stopping Point, 42.97s, was key as selling interest drove price lower, achieving a Stopping Point Low, 42.36s. Responsive buy programs entered as Balance developed, 42.40s-43.20s, closing at 42.92s.

Focus into Wed’s auction on development of Balance, 42.40s-43.20s, within context of a potential Stopping Point Low, 42.36s.

TwitterGoogle+LinkedInShare

WTI 25Jul

Monday’s Auction
via The Daily

As noted in Fri’s analysis, the focus into Mon’s auction on response to the Sellside Breakdown Point/Prior Support, 44.30s, was key as Globex selling interest emerged there, driving price lower, forming a Gap Lower Open, 43.46s. Consistent with market logic, selling interest emerged early in the NY auction, confirming the Gap, resulting in continued price discovery lower to 42.97s at our Avg Daily Range Low Expectation, closing at 43.13s.

Focus into Tue’s auction on response to Mon’s Unsecured Stopping Point, 42.97s.

Week In Review 24Jul

Central Banks

Geopolitics

Supply/Demand & Markets

WTI 22Jul

Friday’s Auction
via The Daily

As noted in Thu’s analysis, the focus in Friday’s auction on response to Structural Support, 44.66s, was key as selling interest emerged, driving price lower through Key Structural Support, 44.30s, in a Sellside structural breakdown to 43.74s, near our Avg Daily Range Low Expectation, closing at 44.19s.

Focus into Mon’s auction on response to the Sellside Breakdown Point/Prior Support, 44.30s.

WTI 21Jul

Thursday’s Auction
via The Daily

As noted in Wed’s analysis, the focus into Thu’s auction on response to Key Structural Support, 45.30s, was key as Globex balance preceded selling interest at/near 45.50s near the Key Inflection Point, driving price lower through Key Structural Support, 45.30s, as price discovery lower developed to 44.66s near Key Structural Support, closing at 44.75s.

Focus into Fri’s auction on response to Key Structural Support, 44.66s.