WTI 10Feb

Monday's Auction

WTI Daily Auction 10Feb

  • Monday's Auction Saw Friday's Late Sellers Hold The Auction As A Gap Lower And Price Discovery Developed To 49.56s During The Asia Auction. Buying Interest Emerged There Amidst Buy Excess, Halting The Sellside Sequence. Price Discovery Higher Developed To 50.49s Where Sell Excess Formed Near Key Supply. Balance Developed, 50.37s-49.88s, Through The London Auction Into The NY Open.
  • Selling Interest Emerged Early In The NY Trade, Driving Price Lower Again Through Key Support, 50.08s, Before Price Discovery Lower Developed To 49.42s Ahead The NY Close....

WTI 07Feb

Friday's Auction

WTI Daily Auction 07Feb20

  • Friday's Auction Saw Minor Price Discovery Higher Through Key Resistance, 51.28s, To 51.48s, Following Thu's NY Close. Selling Interest Emerged There, Halting The Buyside Sequence. Price Discovery Lower Developed To 50.81s Into The London Auction. Sellers Trapped There, Driving Price Higher To 51.33s Where Selling Interest Emerged Amidst Sell Excess. Price Discovery Lower Developed To 50.16s Where Selling Interest Emerged Into The NY Open.
  • The Late London Sellers Trapped Amidst Buy Excess Early In The NY Trade. Driving Price Higher To 51.04s At/Near The Globex Sellside Breakdown Area. Selling Interest Emerged There, Driving Price Lower To 50.26s Ahead The NY Close....