Oil & Gas Daily 15Jul

Wednesday's Crude Auction

WTI Daily Auction 15Jul

WTI

  • Wed's Auction Saw A Test Of Key Resistance Early In Asia Trade To 40.86s Where Sell Excess Emerged, Halting The Rally. Narrow Balance Developed, 40.37s-40.55s, Into The London Auction. Buy Excess Formed Before Minor Rotation Higher Ensued To 41s As A p Shape Structure Developed As Buyers Trapped Into The NY Open. 
  • A Long Liquidation Break Developed Early In NY Trade To 40.08s Near Tue Settlement. Sellers Trapped There, Halting The Selloff Before Price Discovery Higher Resumed, Once Again Breaking Through Key Resistance To 41.26s. Buyers Trapped There Amidst Sell Excess, Halting The Rally At/Near Major Resistance Into The NY Close....

Oil & Gas Daily 19Jun

Friday's Auction

WTI Daily Auction 19Jun

WTI

  • Friday's Auction Saw Price Discovery Higher Through Key Resistance Early In Asia Trade. Balance Developed, 39.67s-39.06s, Above Key Resistance Into The London Auction. Buy Excess Formed Early In The London Auction, Driving Price Higher To 40.44s As A Gap Higher Open Formed Into The NY Open. 
  • Narrow Balance Continued Early In NY Trade Before A Breakout Attempt To 40.60s At Fri's ADR High Target Developed. Sell Excess Formed There, Halting The Rally. Price Discovery Lower Ensued As The Breakout Failed And The Gap Was Filled To 38.51s. Buy Excess Formed, Halting The Pullback. Rotation Higher Developed To 39.94s Into The NY Close....