WTI 10Dec

Tuesday's Auction

WTI Daily Auction 10Dec

  • Tuesday's Auction Saw Price Discovery Lower During The Early Globex Auction From Key Resistance To 58.66s Before Sellers Trapped, Driving Price Higher To 59.41s. Sell Excess Developed, 59.41s-59.11s, As The Breakout Above Key Resistance Failed. Price Discovery Lower Developed To 58.56s Into The NY Open.
  • A Minor Probe Lower Developed Into The NY Open To 58.52s Where Sellers Trapped Amidst Buy Excess Formation, Halting The Sell-Side Sequence. Price Discovery Higher Developed To 59.52s Where Sell Excess Emerged Again, 59.52s-59.35s, Into 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....