Oil & Gas Daily 14Jul

Tuesday's Crude Auction

WTI Daily Auction 13Jul

WTI

  • Mon's Sell Spike, 40.05s-39.50s, Held In Asia Trade As The Selloff Continued To 39.07s. Minor Buy Excess Developed There, Halting The Selloff As Balance Developed, 39.07s-39.88s Into The London Auction. Rotation To Test The Globex Low Developed As Sellers Trapped, 39.30s, Into The NY Open. 
  • Rotation Higher Developed Early In NY Trade To 40.57s Where Sell Excess Formed, Halting The Rally Near Key Resistance. A Minor Pullback Developed To 40.10s Into The NY Close....

Oil & Gas Daily 13Jul

Monday's Crude Auction

WTI Daily Auction 13Jul

WTI

  • Key Resistance Held Early In Globex Trade To 39.93s. Buy Excess Formed There As Balance Developed, 40s-40.40s, Into The London Auction. The Selloff Continued Early In London From Balance To 39.66s. Minor Buy Excess Developed There, Halting The Selloff Before Rotation Higher To 40.30s Developed Into The NY Open. 
  • Sellers Trapped, 40.17s, Early In NY Trade As Constricted Rotation Higher Developed To 40.72s Where Buyers Trapped Near Key Resistance. Selling Interest Developed To 40.02s Into The NY Close....