WTI 01Apr

Wednesday's Auction

WTI Daily Auction 01Apr

  • Sell Excess, 20.94s-20.50s, Developed Following The Globex Re-Open As Price Discovery Lower Ensued Through Key Resistance, 20.40s, To 20s Into The Asia Auction. Low Volume Buying Interest Emerged There, Driving Price Higher To 20.80s Where Sell Excess Formed As Buyers Trapped. Price Discovery Lower Developed To 20.03s As Sellers Trapped Into The London Auction. Balance Then Continued, 20.03s-20.80s, Into The NY Open. 
  • A Sellside Breakdown Attempt Developed To 19.90s Early In The NY Auction. Buying Interest Emerged There Amidst Buy Excess, Driving Price Aggressively Higher As The Breakdown Failed Through The EIA Release (+13.8mil v +3.99mil exp). Balance Developed, 20.70s-20.05s, Before A Buy Spike Formed, 20.65s-21.11s, Into The NY Close....

WTI 31Mar

Tuesday's Auction

WTI Daily Auction 31Mar

  • Price Discovery Higher Developed Through Key Resistance, 20.40s, Following Monday's Globex Re-Open, Driving Price Higher To 21.75s Into Tuesday's Asia Auction. Sell Excess Emerged There, Developing Balance, 21.75s-20.99s, Into The London Auction. A Failed Buyside Breakout Attempt Developed To 21.89s In The London Auction Where Buyers Trapped Amidst Sell Excess, Halting The Buyside Sequence. Price Discovery Lower Developed To 20.73s Into The NY Open. 
  • Buyers Trapped Amidst Sell Excess Early In The NY Auction Before Price Discovery Lower Continued To 20.05s. Buying Interest Emerged There Amidst Excess, Driving Price Aggressively Higher To 21s In Retracement  Into The NY Close....