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.