WTI Crude Daily 19Sep

Thursday's Auction 
As noted in Thu's analysis, focus on response to Thu's Stopping Point Low was key in Fri's auction as selling interest drove price lower toward Key Structural Support, 91.25s. Focus on response to Key Structural Support, 91s-91.50s, into Mon's auction. 

Friday's Auction 

WTI Crude Daily 18Sep


 
 Wednesday's Auction

As noted in Wed's analysis, focus on response to Support at/near 93.70s was key in Thu's auction  as selling interest emerged there, driving price lower toward the Daily 1st Std Dev Low. Focus on response to Thu's Stopping Point Low. 92.80s. 

Thursday's Auction

Midweek News 17Sep

Tuesday's Auction
As noted in Tue's analysis, focus on potential for a pullback toward the Structural Breakout Point/Prior Resistance, 94s-93.50s, was key in Wed's auction as price discovery lower to the Avg Daily Range Low/Key Support Area did occur on the "bearish" EIA narrative. Balance trade developed through the FOMC's largely redundant and unchanged policy guidance. Focus on response to Key Support following the pullback into Thu's auction.

Wednesday's Auction

Central Banks

  • 5 Questions About The ECB's Asset Buying. (WSJ)

Geopolitics

  • Gazprom Begins Sales In Roubles & Yuan. (Examiner)
  • US Targets IS' Oil Smuggling Operations. (Oil Price) 
  • North Sea Oil & Scotland's Referendum. (Platts)
Source: EIA (Sep 2104)

Supply/Demand & Markets

  • EIA: +3.7mil v -1.6mil exp. (EIA)

WTI Crude Daily 16Sep

Monday's Auction

As noted in Mon's analysis, focus on response to Key Overhead Supply Cluster, 92.50s-93.50s, was key in Tue's auction as buying interest drove price aggressively higher through the Key Resistance Cluster toward the Daily 2nd Std Dev High within the Major Supply Cluster overhead, 95.80s-94.20s. Focus into Wed's auction on potential for a pullback toward the Breakout Point/Prior Resistance, 94s-93.50s.
US EIA/FOMC Announce Wed

Tuesday's Auction

WTI Crude Daily 15Sep


Friday's Auction

As noted in Fri's analysis, focus on response to 91.90s-91.50s, was key in Mon's auction as selling interest emerged near 92.15s, driving price lower to the Daily 1st Std Dev Low, 90.63s. Buying interest emerged there, resulting in price discovery higher toward 93s, last week's POC. Focus on response to Key Overhead Supply Cluster, 92.50s-93.50s, into Tue's auction.

Monday's Auction

Weekend News 14Sep

31Aug-05Sep Auction
As noted in last week's analysis, focus on response within key demand area, 92.50s-92.80s, was key into this week's auction as selling interest drove price lower, achieving a potential Stopping Point Low, 90.43s. Aggressive short covering inventory adjustment occurred into week's end. Focus into next week's auction on response to potential Stopping Point Low, 90.43s.  


07-12Sep Auction

Geopolitics

  • Russia & China To Create SWIFT Alternative. (Zerohedge)

Supply/Demand & Markets 

  • 230yr Old Charts, The First Data Visualizations. (Gizmodo)
  • Global Oil Consumption Still Rising. (EIA)

WTI Crude Daily 12Sep


Thursday's Auction
via Daily Statistical Levels Study

Thursday's undefined resistance resulted in price discovery higher in Fri's auction toward Key Low Usage, 93.50s-94s, overhead. Selling interest emerged there, driving price lower the week's Lower POC area, 91.80s. Focus on response to 91.90s-91.50s, into Mon's auction. 

Friday's Auction