WTI 22May

Friday's Auction

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WTI Daily Auction 22May

  • Friday's Auction Saw A Sellside Breakdown Through Key Support In The Asia Auction. Aggressive Selling Developed To 30.72s Just Beyond Friday's 2SD Low Target. Buy Excess Formed, Halting The Selloff As Rotation Higher Developed To 32.25s Into The London Auction. Balance Developed, 32.25s-31.36s, Before Price Discovery Higher Developed To 32.87s As A Gap Lower Open Developed Into The NY Open. 
  • Buying Interest Emerged Amidst A Buy Excess Early In NY Trade As A Narrow, Grinding Trend Higher Developed To 33.20s, Filling The Gap Into The NY Close....