As noted in Fri’s analysis, the focus into Mon’s auction on response to developing Balance, 53.30s-53.90s, was key as minor price discovery higher above Key Structural Resistance, 54.10s, to 54.24s amidst holiday-shortened Globex trade, closing at 53.99s.
Focus into Tue’s auction on response to Key Structural Resistance, 54.10s-54.24s.
WTI Daily 17Feb17
The Focus Into Mon/Tue's Auction Centered Upon Response To 53.91s.
WTI Daily 20Feb17
Mon's Holiday-Shortened Globex Trade Saw Minor Range Extension Higher To 54.24s Above Key Structural Resistance.
As noted in Thu’s analysis, the focus into Fri’s auction on response to Thu’s Demand Cluster, 53.80s-54s, was key as selling interest emerged there, developing Balance, 53.90s-53.30s, closing at 53.78s.
Focus into Tue’s auction on response to developing Balance, 53.30s-53.90s.
WTI Daily 16Feb17
The Focus Into Fri's Auction on Response To Key Structural Resistance, 54.06s.
WTI Daily 17Feb17
Fri's Auction Saw Selling Interest Within Thu's Demand Cluster Resulting In Minor Price Discovery Lower To 53.29s Within Balance Development.
As noted in Wed’s analysis, the focus into Thu’s auction on response to Wed’s Demand Cluster, 52.80s-53s, was key as Globex buying interest emerged there amidst the Mar-Apr contract roll liquidity vacuum, driving price higher toward 53.96s, at our Avg Daily Range High Expectation as the market opened Gap Higher. Buying interest emerged early in NY at 52.85s, driving price higher, achieving the Stopping Point High, 54.06s, in a stop clearing liquidity operation. Selling interest emerged, driving price lower, filling the Gap as long liquidation unfolded, achieving the Stopping Point Low, 53.12s, within Wed’s Demand Cluster. Buying interest emerged, developing Balance into mid-auction, 53.15s-53.40s, before buying interest, emerged at 53.30s, driving price higher in rotational trade to 53.75s, closing at 53.75s.
Focus into Fri’s auction on response to Thu’s Key Demand Cluster, 53.80s-54s.
WTI Daily 07Oct16
The Focus Into Mon 10Oct Centered Upon Response To Fri's Key Structural Support, 49.40s.
WTI Daily 10Oct16
Mon's Auction Saw Minor Range Extension Lower Through Fri's Low In Stop Clearing Where Buying Interest Emerged, Driving Price To Fri's High. Initiative Buy Programs Entered, 50.70s-50.80s, Driving Price Higher To 51.60s At Our Avg Daily Range High Expectation.
As noted in Tue’s analysis, the focus into Wed’s auction on response to developing Balance, 53.70s-52.80s, was key as Globex buying interest emerged at 52.90s, driving price higher through the EIA release, achieving the Stopping Point High, 53.51s. Selling interest emerged there, rejecting the high, as long liquidation developed into mid-auction back into Key Demand Cluster, 52.80s-53s, closing at 53.11s.
Focus into Thu’s auction on response to Key Demand Cluster, 52.80s-53s.
WTI Daily 14Feb17
The Focus Into Wed 15Feb Centered Upon Response To Either Edge Of Balance, 52.86s/53.72s.
WTI Daily 15Feb17
Wed's Auction Saw Selling Interest To Challenge Tue's Low Where Buying Interest Emerged Driving Price Higher To 53.51s Amidst Developing Mar-Apr Contract Roll.