WTI 05Feb

Wednesday's Auction

WTI Daily Auction 05Feb

  • Wednesday's Auction Saw Sellers Trap, 49.41s, Near Tue's Key Support, Driving Price Higher To 50.27s Ahead Of The London Auction. Buy Excess Developed Early In The London Auction, Driving Price Higher To 51.19s Ahead Of The NY Open As A London p Shape Structure Developed.
  • Price Discovery Higher Developed Through The EIA Release (+3.3mil v +2.8mil exp) To 51.88s At Wed's 2SD High Target. Buyers Trapped, 51.52s/51.70s, Before Sell Excess Halted The Auction, Driving Price Lower In Retracement To 50.44s Where Buy Excess Emerged Ahead The NY Close....

WTI 06Jan

Monday's Auction

WTI Daily Auction 06Jan

  • Monday's Auction Saw A Gap Higher Open Upon Sunday's Globex Reopen Before Price Discovery Higher Developed To 64.72s At/Near Mon's 2SD High Target Ahead Of The London Auction. Buyers Trapped There Amidst Sell Excess, Halting The Buyside Sequence, Driving Price Lower Back Through Prior Resistance To 63.46s Ahead Of The NY Open.
  • Balance Developed Early In NY Before Selling Interest Emerged, Driving Price Lower To 62.81s Where Sellers Trapped Ahead Of The NY Close....