Oil & Gas Daily 07Aug


Thursday's Crude Auction

WTI Daily Auction 07Aug

WTI

  • Fri's Auction Saw Balance Above Key Support In Asia Trade. Selling Interest Emerged Early In London Trade, Driving Price Lower To 41.35s Where Sellers Trapped Into The NFP Release (+1.7mil v +1.6mil exp). An Aggressive Short Covering Rally Ensued To 42.15s Where Sell Excess Emerged, Halting The Rally Into The NY Open. 
  • Rotation Lower Resumed As Key Support Once Again Failed. The Selloff Continued To 41.06s Shy Of Fri's ADR Low Target. Sellers Trapped There Amidst Buy Excess As Rotation Higher To 41.47s Developed Into The NY Close....

Oil & Gas Daily 06Aug


Thursday's Crude Auction

WTI Daily Auction 06Aug

WTI

  • Thu's Auction Saw Balance, 42.01s-42.45s, Above Key Support In Asia Trade. A Sell Excess Formed Amidst Selling Interest Early In London Trade As A Sellside Breakdown Attempt Developed To 41.61s. Minor Buy Excess Formed There Amidst Buying Interest, Halting The Breakdown. Price Discovery Higher Ensued Back Through Key Support To 42.41s As The Breakdown Failed Into The NY Open. 
  • Minor Price Discovery Higher Developed Early In NY Trade To 42.65s. Selling Interest Emerged There As An Unsecured High Formed. A Rotational Pullback Developed To 41.84s Before A Buy Excess Formed, 41.84s-41.90s, Into The NY Close....