Oil & Gas Daily 07Apr

Wed's Auction Saw Balance In Globex Trade As Key Support Was Tested To 58.78s. Buying Interest Emerged There, Driving Price Higher To 60.04s Where Buyers Trapped Into The NY Open. 

Price Discovery Lower Developed Early In NY Trade As A Sellside Breakdown Through Key Support Developed Through The EIA Release (-3.5mil v -1.4mil exp) To 58.12s. Buying Interest Emerged Amidst Excess, Halting The Selloff. Rotation Higher Ensued To 59.92s Into The NY Close....

Oil & Gas Daily 06Apr

Tue's Auction Saw Price Discovery Higher From Mon Settlement Early In Globex Trade, Driving Price Higher To 60.34s. Selling Interest Emerged There Amidst Excess As A Pullback To 59.13s Developed Into The NY Open. 

Buy Excess Emerged Early In NY Trade, Driving Price Higher To 60.90s Near Tue's ADR High Target. Buyers Trapped There Amidst Selling Interest/Excess, Halting The Rally. A Pullback Resumed To 59.15s Into The NY Close....