WTI 24Feb

Monday's Auction

WTI Daily Auction 24Feb

  • Monday's Auction Saw Fri's Key Resistance, 53.58s, Hold As A Liquidity Vacuum Developed Upon Sun's Globex Open. Price Discovery Lower Developed To 51.66s At/Near Mon's 2SD Low Target. Buy Excess Developed There As Balance Ensued, 51.66s-52.30s, Into The London Auction. Selling Interest Emerged, 51.74s, In London Trade, Driving Price Lower To 50.88s As A Gap Lower Open Developed Into The NY Open.
  • Narrow Balance Developed Early In NY Trade As Selling Interest Emerged, 51.08s, Confirming The Gap As Price Discovery Lower Continued To 50.45s. Sellers Trapped There Amidst Buy Excess, Halting The Sellside Sequence As Short Covering Inventory Adjustment Developed To 51.67s Into The NY Close...

WTI 18Feb

Tuesday's Auction

WTI Daily Auction 18Feb

  • Tuesday's Auction Saw Fri-Mon's Key Resistance, 52.34s, Hold As Monday's Buy Spike Failed As Support. Price Discovery Lower Developed Through The London Auction To 51.15s Near Tue's ADR Low Target As A Gap Lower Open Developed. 
  • Buy Excess Developed, 51.17s-51.40s, Into The NY Open, Halting The Sellside Sequence. Price Discovery Higher Developed To 52.15s At/Near Fri's Settlement. Sell Excess Developed There As Buyers Trapped, Driving Price Lower To 51.45s. Buy Excess Formed There, Driving Price Higher To 52.10s. Buying Interest Emerged, Forming A Buy Spike, 52.10s-52.37s, Into The NY Close....