WTI 19Mar

Thursday's Auction

WTI Daily Auction 19Mar

  • Thursday's Auction Saw Initial Price Discovery Higher From Key Support, 21.10s, Following Wed's Late Buying Interest & Excess. Price Discovery Higher Developed To 24.46s Near Sharedata's 2SD High Target. Buyers Trapped There As Balance Developed, 24.46s-21.76s, Into The London Auction. Balance Continued Into The NY Open.
  • Buying Interest Emerged As Buy Excess Formed At The Balance Low Early In The NY Auction Before Price Discovery Higher Developed. Buying Interest Emerged, 24s-24.70s, Driving Price Higher To 25.92s, Beyond The Maximum Daily Statistical Expectancy Into The NY Close. An Aggressive Thrust Higher Developed Post-NY Close To 28.28s As Sell Excess Developed, 28.28s-26.34s.

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....