WTI 06Feb

Thursday's Auction

WTI Daily Auction 06Feb

  • Thursday's Auction Saw Minor Probe Lower To 50.44s Near Wed's Key Support, 56.57s, Following Wed's NY Close. Buying Interest Emerged, Halting The Sellside Sequence. Price Discovery Higher Then Ensued To 52.20s Near Thu's ADR High Target. Sell Excess Halted The Auction Before Balance Developed Into The London Auction. Sell Excess Developed, 52.12s-52s, As Buyers Trapped. Price Discovery Lower Ensued, Driving Price Lower To 50.41s Into The NY Open.
  • Sellside Continuation Developed, Albeit Modest, Early In NY Trade To 50.24s, Where Buy Excess Developed, Halting The Sellside Sequence Near Key Support. Price Discovery Higher Then Developed To 51.28s Where Buyers Trapped Amidst Sell Excess As Balance Developed, 50.60s-51.40s, Ahead The NY Close....