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....

WTI 06Dec

Friday's Auction

WTI Daily Auction 06Dec

  • Friday's Auction Saw A Narrow Globex Balance Above Thu's Key Support Into The London Auction. Sell Excess Formed, Driving Price Lower To 57.70s Into The US NFP Ahead The NY Open.
  • Minor Buy Excess Developed There Early In NY, As Price Discovery Higher Ensued, Negating The Breakdown. Buyside Continuation Developed Through The OPEC Announcement To 59.85s Near Fri's ADR High Target Where Sell Excess Formed, Halting The Buyside Sequence Into The NY Close....