WTI 28Apr

Thursday’s Auction
via The Daily

As noted in Wed’s analysis, the focus into Thu’s auction on response to Wed’s High near Composite POC, 45.50s, was key as price discovery higher to 46.14s developed. Focus into Fri’s auction on response to the Stopping Point High, 46.14s. 

WTI 27Apr

Wednesday’s Auction
via The Daily

As noted in Tue’s analysis, the focus into Wed’s auction on response to Tue’s Unsecured High, 44.20s, was key as buying interest emerged, driving price higher, forming a Gap Higher Open, before aggressive long liquidation developed leading ultimately to price discovery toward the Daily 1st Std Dev High near Composite POC, 45.50s. Focus into Thu’s auction on response to Wed’s High near Composite POC, 45.50s. 

WTI 26Apr

Tuesday’s Auction
via The Daily

As noted in Mon’s analysis, the focus into Tue’s auction on response to Key Structural Support, 42.50s-43s, was of note as buying interest emerged there, driving price higher through the multi-day Balance toward 44.20s near Key Structural Resistance. Focus into Wed’s auction on response to Tue’s Unsecured High, 44.20s. 

WTI 25Apr

Monday’s Auction
via The Daily

As noted in Fri’s analysis, the focus into Mon’s auction centered on response to the maturing D shape distribution, 44.50s-43s, as two-sided trade continued as selling interest emerges on rallies following last week’s Stopping Point High. Focus into Tue’s auction on response to Key Structural Support, 42.50s-43s. 

Week In Review 24Apr

Central Banks

Geopolitics

Supply/Demand & Markets