WTI 27Jun

Tuesday’s Auction

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.

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WTI 26Jun

Monday’s Auction

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.

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Week In Review 25Jun

  • Sellside Continuation To Major Support Area, 42s
  • Leveraged Capital Posture Reflecting Potential Development Of A Low
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WTI 23Jun

Friday’s Auction

As noted in Thu’s analysis, the focus into Fri’s auction on response to Key Demand Cluster, 42s-42.80s, was key as Balance development unfolded within Composite Balance, 42s-43.75s, closing at 43.01s.

Focus into Mon’s auction on response to developing Balance, 42s-43.75s.

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WTI 22Jun

Thursday’s Auction

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.

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