WTI 20Feb

Tuesday’s Auction
  • Globex Buying Interest To 62.65s, Selling Interest There.
  • Price Discovery Lower Into NY To 61.43s, Buying Interest There & Balance Development, 61.43s-62.43s.
  • Focus Into Wed’s Auction On Response To Key Support, 61.50s-61.40s.
As noted in Fri’s analysis, the focus into Tue’s Auction On Response To Key Resistance, 61.87s, was key as holiday shortened Globex trade saw buying interest to 62.65s, where responsive selling entered driving price lower through London, achieving a Stopping Point, 61.57s, into the NY open. Minor price discovery lower developed early in NY, achieving the Stopping Point Low, 61.43s, where responsive buying entered driving price higher back to challenge Globex Supply to 62.43s, where responsive selling entered, closing at 61.79s.

WTI 16Feb

Friday’s Auction
  • Globex Buying Interest To 61.75s, Selling Interest To 60.76s.
  • Buying Interest, Price Discovery Higher To 61.87s.
  • Focus Into Fri’s Auction On Response To Key Resistance, 61.87s.
As noted in Thu’s analysis, the focus into Fri’s Auction On Response To 61.43s, was key as early Globex buying interest emerged driving price higher, achieving the Globex Stopping Point Low, 61.75s, where responsive selling entered, driving price lower into the NY Auction, achieving the retracement to 60.76s. Responsive buying entered, driving price higher back to challenge Globex Supply to 61.87s, closing at 61.55s.