WTI 15Mar

Thursday’s Auction
  • Globex Buying Interest To 61.39s.
  • False Buyside Breakout To 61.54s, Selling Interest There, Balance Development, 60.87s-61.45s.
  • Focus Into Fri’s Auction On Response To Key Supply, 61.20s-61.30s.
As noted in Wed’s analysis, the focus into Thu’s Auction On Response To Key Supply, 60.70-61s, was key as Globex buying interest drove price to 61.39s near Key Supply, developing Balance into NY where a False Buyside Breakout developed early in NY to 61.54s, where selling interest emerged, driving price lower back into prior Balance to 60.87 as the Breakdown failed, developing Balance, 60.87s-61.45s, closing at 61.25s.

WTI 14Mar

Wednesday’s Auction
  • Globex Buying Interest To 61.33s, Selling Interest There.
  • False Sellside Breakdown Post-EIA To 60.11s, Buying Interest There.
  • Focus Into Thu’s Auction On Response To Key Supply, 60.70-61s.
As noted in Tue’s analysis, the focus into Wed’s Auction On Response To Tue’s Resistance, 61.05s-60.95s, was key as Globex buying interest drove price to 61.33s near Key Resistance, where responsive selling entered driving price lower to 60.50s into the EIA release, where buying interest emerged, developing Balance, 60.50s-61.20s, before initiative selling entered, 60.50s, driving price lower in a Sellside Breakdown attempt to 60.11s, where responsive buying entered, driving price back into prior Balance as the Breakdown failed, closing at 60.96s.