WTI 12Jan

Friday’s Auction
  • Globex Selling Interest From Thu Settle, Price Discovery To 63.06s, At The Avg Daily Range Low, Gap Lower Open Develops.
  • Buying Interest Early NY, Confirming Gap, Buyside Continuation To 64.30s.
  • Focus Into Tue’s Auction On Response To Key Supply, 64.60-64.77s.
As noted in Thu’s analysis, the focus into Fri’s Auction On Response To Key Resistance, 64.60s-64.77s, did not play a meaningful factor as selling interest continued from Thu Settlement, driving price lower through Globex, achieving the Stopping Point Low, 63.06s, near our Avg Daily Range Low,as the mkt opened Gap Lower. Responsive buying entered, driving price higher in early NY as the Gap was filled. before continued rotation higher developed to 64.30s, into the close, settling at 64.30s.
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WTI 11Jan

Thursday’s Auction
  • Globex Buying Interest From Wed Settle, Price Discovery To 64.08s, Selling Interest There, Gap Higher Open Develops.
  • Buying Interest Early NY, Confirming Gap, Buyside Continuation To 64.77s At Our Daily 1st Std Dev High, Responsive Selling There & Balance.
  • Focus Into Fri’s Auction On Response To Key Resistance, 64.60s-64.77s.
As noted in Wed’s analysis, the focus into Thu’s Auction On Response To Resistance, 63.60s-63.70s,was key as Globex buying interest drove price higher in Buyside Breakout & Continuation achieving the Globex High, 64.08s. Responsive selling entered, developing Balance, 64.08s-63.80s, as the mkt opened Gap Higher. Initiative buying entered, 64.10s, confirming the Gap , driving price higher, achieving the Stopping Point High, 64.77s, near our Daily 1st Std Dev High Responsive selling entered there, developing Balance, 64.24s-64.68s, into the mid-auction, before initiative selling entered, 64.30s, driving price lower in long liquidation to 67.73s, closing at 63.83s.

 

As noted in Wed’s analysis, the focus into Thu’s Auction On Response To Resistance, 63.60s-63.70s,
was key as Globex buying interest drove price higher in Buyside Breakout & Continuation achieving the Globex High, 64.08s.
Responsive selling entered, developing Balance, 64.08s-63.80s, as the mkt opened Gap Higher.
Initiative buying entered, 64.10s, confirming the Gap , driving price higher, achieving the Stopping Point High, 64.77s, near our Daily 1st Std Dev High
Responsive selling entered there, developing Balance, 64.24s-64.68s, into the mid-auction, before initiative selling entered, 64.30s,
driving price lower in long liquidation to 67.73s, closing at 63.83s.”

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