WTI 18Mar

Wednesday's Auction

WTI Daily Auction 18Mar

  • Wednesday's Auction Saw Narrow Balance Trade Within Tue's Sell Spike Before Buyers Trapped, 27.56s, At Key Resistance Ahead Of The London Auction. Rotation Lower Ensued During The London Auction To 24.88s Near Sharedata's ADR Low Target As A Gap Lower Open Formed Into The NY Open.
  • Selling Interest Emerged Early In The NY Auction, Confirming The Gap, Driving Price Lower Through The EIA Release (+1.95mil v +3.2mil) To 20.55s, Well Beyond The Maximum Daily Statistical Expectancy As 2016's Major Support, 26 Failed. Sellers Trapped Amidst Buying Interest, 20.60s-21.01s, Into The NY Close.

WTI 16Mar

Monday's Auction

WTI Daily Auction 16Mar

  • Monday's Auction Saw Selling Interest Near Key Resistance, 33.87s, Following Friday's Post-NY Close Rally There. Aggressive Price Discovery Lower To 29.75s Ensued Near Sharedata's ADR Low Target As The Fed's Emergency Rate Cut Measures Failed To Prop Up Markets. Buy Excess Developed As Buying Interest Emerged There As Balance Ensued, 29.75s-31.58s, Into The London Auction. A Sellside Breakdown Developed As Buyers Trapped, 29.41s/28.96s, Ahead Of The NY Open.
  • Price Discovery Lower Developed Early In The NY Auction, Achieving The Stopping Point Low, 28.10s, Near Sharedata's 2SD Low Target. Buy Excess Developed, 28.10s-28.45s, Halting The Sellside Sequence. Price Discovery Higher Developed To 30.42s Before Buyers Trapped Near The Sellside Breakdown Area, Driving Price Lower To 28.46s Into The NY Close....