Oil & Gas Daily 17Jul

Friday's Crude Auction

WTI Daily Auction 17Jul


  • Fri's Auction Saw Minor Rotation Higher In Asia Trade Toward Thu's Key Resistance As Balance Developed Around Thu's Settlement. Price Discovery Lower Developed Early In London Trade To 40.47s Where Sellers Trapped, Halting The Pullback. Narrow Balance Then Continued Into The NY Open. 
  • Buying Interest Drove Price Higher Early In NY Trade To 41.05s Near Key Resistance Where Selling Interest Emerged, Rejecting The High. Rotation Lower Developed To 40.18s Where Sellers Trapped As Key Support Was Tested. Rotation Higher To 40.95s Followed Into The NY Close....

WTI 24Oct

Thursday’s Auction

WTI Daily Auction 24Oct
Focus Into Fri’s Auction On Response To Thu’s Key Support, 55.94s.

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  • Thursday’s Auction Saw Globex Selling Interest From Key Resistance, Driving Price Lower To 55.41s Into The London Auction. Sellers Trapped There, Halting The Sellside Sequence, Driving Price Higher To 56.18s Into The NY Open.
  • Following Minor Price Discovery Higher Balance Developed, 56.44s-55.94s, Before A Buyside Breakout To 56.51s Saw Buyers Trap, Driving Price Lower To 55.97s Ahead Of The NY Close.
  • Focus Into Fri’s Auction On Response To Thu’s Key Support, 55.94s.
  • IF 55.94s Fail As Support: 54.99s/54.51s.
  • IF 55.94s Hold As Support: 57.47s/57.95s.
  • London ADR: .87
  • NY ADR: 1.24