WTI 23Mar

Monday's Auction

WTI Daily Auction 23Mar

  • Monday's Auction Saw A Sellside Breakdown In Sunday's Trade Through Key Support, 22.39s, Achieving The Stopping Point Low, 20.80s, At/Near Last Week's Major Support. Rejection Developed There During Asian Trade, Driving Price Higher To 23.24s. Selling Interest Developed There, Developing Balance, 23.24s-22.12s, Into The London Auction. A Minor Probe Lower Developed To 21.93s Where Sellers Trapped Amidst Buy Excess, Driving Price Higher To 23.64s As A Buy Spike Developed, 23s-23.64s, Into The NY Open.
  • Selling Interest Emerged Early In The NY Auction, Driving Price Lower To 21.79s, Testing The London Support. Buying Interest Emerged There, Driving Price Higher To 23.68s, Testing London's Key Resistance Into The NY Close....

WTI 20Mar

Friday's Auction

WTI Daily Auction 20Mar

  • Friday's Auction Saw Narrow Balance Near Thu's Sell Excess Low Early In The Globex Auction. Price Discovery Higher Developed Through Key Resistance, 26.64s, Into The London Auction. Price Discovery Higher Developed To 28.49s, Probing Thu's High. Selling Excess Developed, Driving Price Lower To 25.11s As The Breakout Failed Into The NY Open.
  • Price Discovery Lower Continued Early In The NY Auction, Achieving A Stopping Point, 23.36s, Near Fri's ADR Low Target. Sellers Trapped There Amidst Buy Excess, Driving Price Higher To 25.89s. Selling Excess Developed There, As Price Discovery Lower Resumed To 22.39s Near Friday's 1SD Low Target Into The NY Close....