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....

WTI 09Mar

Monday's Auction

WTI Daily Auction 09Mar

  • Monday's Auction Saw An Aggressive Gap Lower Open As Fri's Key Resistance (Sell Spike), 42s, Held. News Of Saudi-Russian Pricing Conflict Along With Saudi Threats Of Production Increases Triggered The Behavioral Response As Price Discovery Lower Developed To 30s Where Buying Interest Emerged, Halting The Sellside Sequence. Price Discovery Higher Developed To 33.61s Where Buyers Trapped During Asian Hours. Rotation Lower Resumed, Testing The Low Where Selling Interest Emerged, Driving Price Lower, Achieving The Stopping Point Low, 27.33s, Near The 2016 Secular Low. Buying Interest Emerged There, Driving Price Higher Into The London Auction To 33.68s, Testing Key Resistance. Sell Excess Developed There, Driving Price Lower To 31.29s Into The NY Open As A Gap Lower Open Developed.
  • Buying Interest Emerged Early In The NY Auction, Driving Price Higher To 34.88s As A Buyside Breakout Attempt Developed Above Globex Resistance. Selling Interest Emerged There Amidst Sell Excess, Halting The Buyside Sequence There Into The NY Close....