Oil & Gas Daily 16Jun

Following Tue's Rally To 72.19s, Wed's Auction Saw Price Discovery Higher Through Key Resistance In Globex Trade To 72.83s. A Pullback Developed To 72.12s As The Breakout Area Was Tested Into The NY Open. A Sellside Breakdown Attempt Developed Early In NY Trade To 71.89s Where Sellers Trapped, Driving Price Higher To 72.56s. Price Discovery Higher Developed Through The EIA Release (-7.3mil v -3.3mil exp) To 72.99s. Selling Interest Emerged There, Driving Price Aggressively Lower To 71.75s Into The NY Close.... 

Oil & Gas Daily 15Jun

Following Mon's Rally To 71.78s, Tue's Auction Saw Rotation Higher From Mon Settlement In Globex Trade To 71.95s Where Buyers Trapped Into The NY Open. Sellers Trapped Amidst Buy Excess Early In NY Trade Before Rotation Higher Developed To The $72 Option Wall. Buying Interest Emerged There, Driving Price Higher To 72.19s Near Tue's ADR High Target Into The NY Close....