WTI Crude Daily 30Jan




Thursday's Auction 

As noted in Thu's analysis, focus in Fri's auction on 43.90s-44.20s, Thu's buy program support area, was key as buying interest emerged there during the NY auction, forming a Buying Tail and resulting in an aggressive short covering inventory auction. Focus into Mon's auction on response to Fri's upper trade cluster, 48.50s-47.25s, in context of undefined resistance.




Friday's Auction
via The Daily

WTI Crude Daily 29Jan



Wednesday's Auction
via The Daily

As noted in Wed's analysis, focus on Wed's Sell Spike was key in Thu's auction as the minor range extension above the Spike High, 44.72s, elicited selling interest and a false buyside breakout above the Globex D shape distribution. Price discovery lower then unfolded as longs liquidated before buying interest emerged at/near 43.90s, driving price back toward Wed Settlement to close largely unchanged. Focus into Fri's auction on 43.90s-44.20s buy program support area.



Thursday's Auction

WTI Crude Daily 28Jan



Tuesday's Auction

As noted in Tue's analysis, focus on response to 45.90s-45.60s, (Breakout Area/Prior Resistance) was key in Wed's auction as negation of the buyside auction developed and price discovery back toward the Major Structural Stopping Point Low developed. Focus on Wed's Sell Spike into Thu's auction.






 



Wednesday's Micro-Blog Excerpt
via The Daily 

Noted here is the initiative sell program activity (ISP) at/near 45.55s driving price lower into Wed's Globex Buying Tail. The failure of the Buying Tail and subsequent unsecured low implied the potential for price discovery lower. Ultimately, this probability path unfolded toward our Avg Daily Range expectation.









Wednesday's Auction
via The Daily 

WTI Crude Daily 27Jan




 Monday's Auction 
via The Daily

As noted in Mon's analysis, focus on response to the Demand Cluster, 45s-44.50s, was key in Tue's auction as buying interest emerged there, driving price toward  Key Structural Resistance. Focus on response to 45.90s-45.60s, (Breakout Area/Prior Resistance) into the Wed's auction for confirmation/negation of the buyside auction.





 




Tuesday's Micro-Blog Excerpt
via The Daily

Noted here ahead of the NY auction is the expectation for price discovery higher toward 45.75s/46.40s based on the structural data.  Ultimately, this probability path unfolded toward 46.55s. 










Tuesday's Auction

WTI Crude Daily 26Jan




Friday's Auction 
via The Daily

As noted in Fri's analysis, focus on response to 44.50s-45.50s, was key in Mon's auction as early Globex selling toward the Major Structural Support encountered buying interest, driving price toward 46.40s. Focus on response to the Demand Cluster, 45s-44.50s into Tue's auction.







 



Monday's Micro Blog Excerpt I 
via The Daily

Noted here was the formation of the Structural Buying Tail during the Globex session following the auction/probe of the Major Structural Stopping Point Low, 44.60s, from 13Jan. Additionally, following the formation of the Buying Tail, the Globex session became D shaped, implying the potential for directional activity. Initiative Buy Programs (IBP) entered at/near 45s, driving price higher toward 45.80s, one of the initial upside targets provided.









 


Monday's Micro-Blog Excerpt II 
via The Daily

Noted here was the development of Balance at/near 45.80s, the initial upside reference before more Initiative Buy Programs (IBP) entered at/near 45.85s, driving price higher achieving a buyside order flow momentum extreme at/near 46.10s. As noted, price extremes usually follow momentum extremes and this probability path did in fact play out into the NY auction up to 46.40s.






Monday's Auction 
via The Daily

Weekend News 25Jan

11-16Jan Auction
via The Daily

18-23Jan Auction 
via The Daily

Central Banks

  • ECB Announces Expanded Asset Purchase Plans. (ECB)
  • China's Central Bank Gives Switzerland $8bil In Institutional Investment Program. (BRICs Post)

Geopolitics

Supply/Demand & Markets

  • Energy & Technology: Cleaner & More Plentiful, Whatever The Price. (Economist)

Weekend News 18Jan

04-09Jan Auction


 11-16Jan Auction
via The Daily

Central Banks

  • What Happened With The Swiss Franc? (WSJ)

Geopolitics

  • Iranian Commercial Activities Update. (GAO)

Supply/Demand & Markets

  • Traders To Store W. African Crude In US Until Price Recovers. (Reuters)