WTI 16Jan

Thursday's Auction

WTI Daily Auction 16Jan

  • Thursday's Auction Saw Minor Rotation Higher To 58.44s Through Key Resistance Into The London Auction. Minor Sell Excess Developed There, Driving Price Back Lower Through Key Resistance To 57.60s Where Buying Interest Emerged, Halting The Sellside Sequence Into The NY Open.
  • Price Discovery Higher Continued Through The London High To 58.88s Near Thu's ADR High Target Where Selling Interest Emerged, Halting The Buyside Sequence Ahead Of The NY Close....

WTI 15Jan

Wednesday's Auction

WTI Daily Auction 15Jan

  • Wednesday's Auction Saw Minor Globex Selling Interest Through Key Support To 57.84s Into The London Auction. Minor Buy Excess Developed As Balance Unfolded, 57.84s-58.36s, Into The NY Open.
  • Rotation Lower Developed Into The EIA Release (-2.54mil v -47ok exp) Before A Sellside Breakdown Attempt Developed To 57.36s. Buy Excess Developed As Sellers Trapped, Driving Price Higher To 58.16s Ahead Of The NY Close....