Oil & Gas Daily 01Jul

Wednesday's Crude Auction

WTI Daily Auction 01Jul

WTI

  • Wednesday's Auction Saw Minor Rotation Higher To 39.95s In Asia Trade Before A D-Shape Cluster Developed, 39.95s-39.54s, Into The London Auction. A Breakout From The Cluster Developed In London Trade Through Key Resistance To 40.58s Where Sell Excess Halted The Rally. The Breakout Failed Resulting In Aggressive Price Discovery Lower To 39.05s Where Buying Interest Emerged And Rotation Higher To 39.90s Developed Into The NY Open. 
  • Constricted Balance Trade Dominated The NY Auction As Buyers Trapped, 40.05s Ahead Of The NY Close....

Oil & Gas Daily 30Jun

Tuesday's Crude Auction

WTI Daily Auction 30Jun

WTI

  • Tuesday's Auction Saw Price Discovery Lower To 39.26s In Asia Trade. The Pullback Continued In London Trade To 38.90s As Selling Interest Emerged Into The NY Open. 
  • Buying Interest Emerged As Sellers Trapped Early In NY Trade. Price Discovery Higher Developed, Ultimately Testing Key Resistance To 40.08s. Buyers Trapped There Amidst Sell Excess, Halting The Rally Before Rotation Lower Developed To 38.98s Into The NY Close....