WTI 10Apr

Monday’s Auction

As noted in Fri’s analysis, the focus into Mon’s auction on response to Fri’s Selling Tail was  key as Globex buying interest drove price higher from Fri Settlement, filling in the Selling excess (negating the Sellside intent) to 53s. Responsive sell programs entered there into NY developing Balance, 53s-52.60s, before buying interest entered at 53s forming an Unsecured High to 53.12s, closing at 53.08s.

Focus into Tue’s auction on response to Mon’s Unsecured High, 53.12s.