WTI 13Dec

Friday’s Auction

WTI Daily Auction 13Dec
  • Friday’s Auction Saw Price Discovery Higher From Thu’s Key Support To 60s As Weekly Key Resistance Was Tested. Minor Sell Excess Developed There, Halting The Buyside Auction, Driving Price Lower To 59.60s Into The NY Open.
  • A Sellside Breakdown Attempt Developed Early In The NY Auction To 59.27s. Sellers Trapped There, Halting The Sellside Sequence. Aggressive Price Discovery Higher Ensued To 60.48s. Large Structural Sell Excess Developed, 60.48s-60.10s, Before Retracement Developed To 59.75s Into The NY Close….
Continue reading “WTI 13Dec”

WTI 12Dec

Thursday's Auction

WTI Daily Auction 12Dec

  • Thursday's Auction Saw Globex Balance Near Key Resistance Through The London Auction.
  • Buy Excess Developed Early In The NY Auction, Driving Price Higher Through Key Resistance To 59.72s Near Thu's ADR High Target Where Buyers Trapped, Developing Balance, 59.72s-59.14s, Into The NY Close....