WTI Crude: Daily TPO Profile Structure & Price. 10Dec

Overnight:

As of 715 CST,
following the multi-day Balance, 98s-96.50s, buy programs entered during the Asia session at/near 97s, followed by buy programs at/near 97.70s during London hours. 

The market is poised to open Gap Higher, implying significant inventory imbalance, within the context of a Structural Upside Breakout. Focus on response to Gap into Pit session. Gap rules apply….

WTI Crude: Daily TPO & Price. 28Aug


Overnight: 

As of 730 CST, 

the market auctioned higher from Tue Settlement, 109s, continuing the geo-politically fueled buyside auction, driving price above the Major Balance Area High, 109s, achieving the Stopping Point, 112.25s, at/near the Weekly 1st Std Dev High, 112.33s, encountering sell programs there. 

The market sold off sharply as sell programs drove price lower, achieving the Stopping Point, 109.33s, balancing, 109.40s-110.80s, into the Pit session open. 

While the market is poised to open Gap open higher, the Globex b shape structure implies longer timeframe sellside has appeared during the London session. Focus on response to Balance High, 110.80s, into Pit session open. 


Our weekly statistical study plotting key reference levels/weekly close for 23Aug, projected levels/inferential analysis for 28Aug, and weekly range frequency table. 

Result?…

The market auctioned higher the first half of the week following buyside directional phase development beginning last Friday through the multi-week Balance, 102.20s-108.80s, amplified by the geopolitical narrative surrounding Syria. 

The market broke out above the Major Structural Resistance, 108.80s, driving price higher, achieving the current Stopping Point High, 112.25s, at/near the Weekly 1st Std Dev High, 112.33s. Sell programs of significance emerged there driving price lower and balancing into Thu’s session. The frequency table illustrates the high probability of this area functioning as a Stopping Point and/or potential intermediate Resistance area. 

These studies helped inform our subscribers of the structural development of the auction from Balance to a Buyside Directional Phase last Friday. This structural data also implied an increase in volatility and provided quantifiable upside destinations (109s/112.33s) in congruence with the market structure. 

Holistic analysis based on the market generated data and probability logic. 

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