WTI 03Apr

Friday's Auction

WTI Daily Auction 03Apr

  • Friday's Auction Saw Narrow Balance Above Key Support, 24s, Into The Asia Auction. A Probe Lower To 23.52s Resulted In Buy Excess And Failure Of The Market To Sell Below Key Support Into The London Auction. Buying Interest Emerged Early In London Trade, Driving Price Higher To 28.56s Near Friday's 1 SD High Target Into The NFP (-701k v -100k exp). Buyers Trapped Amidst Sell Excess, Halting The Rally Near Thu's Key Resistance Into The NY Open. 
  • Retracement Developed To 26.27s Early In NY Trade As Sellers Trapped, Halting The Pullback. Rotation Higher Then Resumed Before A Structural Buy Spike Formed, 28s-28.80s, Into The NY Close....

WTI 07Feb

Friday's Auction

WTI Daily Auction 07Feb20

  • Friday's Auction Saw Minor Price Discovery Higher Through Key Resistance, 51.28s, To 51.48s, Following Thu's NY Close. Selling Interest Emerged There, Halting The Buyside Sequence. Price Discovery Lower Developed To 50.81s Into The London Auction. Sellers Trapped There, Driving Price Higher To 51.33s Where Selling Interest Emerged Amidst Sell Excess. Price Discovery Lower Developed To 50.16s Where Selling Interest Emerged Into The NY Open.
  • The Late London Sellers Trapped Amidst Buy Excess Early In The NY Trade. Driving Price Higher To 51.04s At/Near The Globex Sellside Breakdown Area. Selling Interest Emerged There, Driving Price Lower To 50.26s Ahead The NY Close....