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

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