WTI Crude: Daily TPO & Price. 19Sep






Overnight:

As of 730 CST, 
following yesterday’s +2 sigma rally, the market has balanced, 107.30s-108.20s,at/near Wed Settlement, 107.28s.

The market is now developing a new upper trade cluster, 107.20s-108.20s, following Wed’s directional auction. Focus on response to either edge of Balance into the Pit session. 
Our daily statistical study plotting key reference levels/price for 17Sep & projected levels /inferential analysis for 18Sep.

Result?…

The market balanced, 104.50s-105.80s, before buy programs drove price higher both on EIA narrative, continuing on the Fed’s No Taper narrative. The market achieved the Pit range Stopping Point, 107.47s, near the Daily 2nd Std Dev High, 107.13s.

Knowledge of the statistical levels helped inform our subscribers of the potential destinations for the auction in the event the Fed had or had not tapered to best inform trading decisions. 
Interested in what to look for tomorrow?
Please visit our subscription page for a free trial. 

WTI Crude: Daily TPO & Price. 10Sep




Overnight:

As of 730 CST, 
the market has auctioned lower from Mon Settlement, 109.52s, following the Sell Spike, 109.50s-108.80s, that formed following the Pit close. 

Price discovery lower continued, achieving a Stopping Point & Balance, 108.20s-108.80s, as sell programs entered at the Spike Low on the Syrian chemical weapons narrative. 

Sell programs drove price lower, achieving the Stopping Point, 107.46s, within last week’s lower trade cluster. The market is poised to open Gap lower.

Our daily statistical study plotting key
reference levels/price for 06Sep 
& projected levels/ inferential analysis for 09Sep.

Result?…

As inferred the market challenged the Key Structural Resistance, 110.50s, encountering the sell programs which ground the market lower, achieving the Stopping Point, 109.26s, at/near the Avg Daily Range Low.

Knowledge of the market structure (Key Resistance 110.50s), the structural/statistical levels, and frequency of levels’ success helped inform our subscribers of the potential for price discovery lower as Key Resistance held while providing  high probability destination levels to best inform trading decisions. In this case, short positions down to the Avg Daily Range Low. 

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

Interested in what to look for tomorrow?
Please visit our subscription page for a free trial.