Oil & Gas Daily 02Jul

Thursday's Crude Auction

WTI Daily Auction 02Jul

WTI

  • Thursday's Auction Saw Narrow Balance Around Wed Settlement In Asia Trade Before A Structural Buy Spike Developed, 39.90s-40.12s, Into The London Auction. Price Discovery Higher Developed In London Trade To 40.42s As Balance Then Developed, 40.42s-39.87s, Into The NY Open. 
  • Price Discovery Higher Developed Early In NY Trade To 40.63s Where Sell Excess Emerged, Halting The Rally. As Aggressive Liquidation Break Then Ensued As Trapped Buyers Were Flushed Out To 39.59s. Buying Interest Emerged There Amidst Buy Excess Before The Market Ground Back To Make New Highs, 40.74s, Into The NY Close....

Oil & Gas Daily 01Jul

Wednesday's Crude Auction

WTI Daily Auction 01Jul

WTI

  • Wednesday's Auction Saw Minor Rotation Higher To 39.95s In Asia Trade Before A D-Shape Cluster Developed, 39.95s-39.54s, Into The London Auction. A Breakout From The Cluster Developed In London Trade Through Key Resistance To 40.58s Where Sell Excess Halted The Rally. The Breakout Failed Resulting In Aggressive Price Discovery Lower To 39.05s Where Buying Interest Emerged And Rotation Higher To 39.90s Developed Into The NY Open. 
  • Constricted Balance Trade Dominated The NY Auction As Buyers Trapped, 40.05s Ahead Of The NY Close....