WTI Crude: Daily TPO & Price. 05Sep




Overnight:

As of 730 CST, 
the market has auctioned higher from Wed Settlement, 107.23s, toward Wed’s Pit session high, achieving the Globex Stopping Point, 108.04s. 

Balance Phase development continues this week around the Wkly POC, 107.35s. 

As Balance matures, focus will be on response at either edge, 108.50s/106.80s. 

ECB press conference pending….

Our daily statistical study plotting key reference levels/price for 03Sep & projected levels /inferential analysis for 04Sep. 

Result?…

Sell programs drove price lower from the Key Overhead Supply Cluster, 108.50s-110.50s, ahead of the Pit session and during the Pit session, achieving Stopping Points at/near both the Avg Daily Range Low and the 1st Std Dev Low, where the market balanced, closing at 107.23s.

Knowledge of the market structure (the Key Overhead Supply Cluster), the structural/statistical levels, and frequency of levels’ success helped inform our subscribers of the potential for price discovery lower and the high probability destination levels to best inform trading decisions. In this case, short positions down to either the Avg Daily Range & 1st Std Dev Low levels and/or long positions from those levels provided asymmetric reward to risk opportunity, in congruence with the market structure.

A holistic view based on the market generated data and probability logic. 

For additional information & a 1 week free trial, 
please visit our subscription page

WTI Crude: Daily TPO & Price. 04Sep

















Overnight:

As of 730 CST,
the market has auctioned lower from Tue Settlement, 108.54s, achieving a Stopping Point, 107.60s. 

As noted overnight, the response to the Key Overhead Supply Cluster, 108.50s-110.50s, of focus as sell programs have driven price lower from that area. 

Globex Stopping Point Low, 107.63s, of focus into Pit session open. 

EIA delayed to Thu. 


Our daily statistical study plotting key reference levels/price for 02Sep & projected levels/inferential analysis for 03Sep. 

Result?…

Following Mon’s holiday shortened electronic session, the market auctioned higher, achieving a Stopping Point, 108.53s, at/near the Avg Daily Range High, where a structural pullback occurred to 107.60s. 

Buy programs entered, driving price higher, achieving the daily Stopping Point, 108.83s, at the 1st Std Dev High. The market balanced, 108.85s-108.25s, closing at/near 108.50s. 

Knowledge of the market structure (Buying Tail/p shape), the structural/statistical levels, and the frequency of levels’ success helped inform our subscribers of the potential for higher prices and the high probability destination levels to best inform trading decisions. In this case, long positions up to either the Avg Daily Range & 1st Std Dev levels and/or short positions from those levels provided asymmetric reward to risk opportunity, in congruence with the market structure. 

A holistic view based on the market generated data and probability logic. 

For additional information & a 1 week free trial, 
please visit our subscription page