WTI 18Jul

Thursday’s Auction

WTI Daily Auction 18Jul
Focus Into Fri On Response To Thu’s NY Close, 55.42s.

Client Content Access

[pms-restrict subscription_plans=”24748,25625,26201″]

  • Thursday’s Auction Saw Selling Interest Through Key Support, Driving Price Lower Through NY Auction To 54.85s Near Thu’s 1SD Low Target And The Weekly 1SD Low Target. Buying Interest Emerged There, Forming A Buy Excess Into The NY Close Following A -1SD Trend Lower In The NY Auction.
  • As Is Noted And Evident In TheĀ Market Profile Database, There Is No Asymmetric Potential For Lower Prices (Into The Following London Auction) In The Event Of A -1SD NY Trend. While The Near-Term Bias Is Sellside, Mkt Generated Data Does Not Suggest Lower Prices In The Immediate Term (Barring New Sellside Order Flow Activity). The Near-Term Sellside Bias (15Jul @59.93s) Hit +8.5% At Today’s Price Extreme, Within The Expectancy Bandwith (5-15%).
  • Focus Into Fri On Response To Thu’s NY Close, 55.42s.
  • IF 55.42s Fail As Resistance: 56.88s/57.62s.
  • IF 55.42s Hold As Resistance: 53.96s/53.22s.
  • London ADR: .76
  • NY ADR: 1.46
WTI Daily Dashboard 18Jul

[/pms-restrict]

WTI 15Jul

Monday’s Auction

WTI Daily Auction 15Jul
Focus Into Tue On Response To Mon’s Unsecured Low, 59.39s.

Client Content Access

[pms-restrict subscription_plans=”24748,25625,26201″]

  • Monday’s Auction Saw Globex Probes Of Key Support Fail Before Price Discovery Higher Developed To 60.92s Into The NY Open.
  • Structural Sell Excess Developed There, 60.92s-60.73s, Halting The Buyside Sequence Before Price Discovery Lower Developed To 59.39s Forming An Unsecured Low. As Noted Friday, There Was Potential For Buyside Failure And This Did Unfold With The Breach Of The Bullish Near-Term Bias Model At 59.93s.
  • Focus Into Tue On Response To Mon’s Unsecured Low, 59.39s.
  • IF 59.39s Fail As Support: 58.28s/57.57s.
  • IF 59.39s Hold As Support: 60.88s/61.59s.
  • London ADR: .73
  • NY ADR: 1.30
WTI Daily Dashboard 15Jul

[/pms-restrict]