Oil & Gas Daily 23Jun

Tuesday's Auction

WTI Daily Auction 23Jun

WTI

  • Tuesday's Auction Saw Minor Price Discovery Higher During The Asia Auction Through Key Resistance To 41.24s. A Minor Sell Response Developed There, Driving Price Lower Back Through Key Resistance As The Breakout Failed. Aggressive Price Discovery Lower Developed To 39.76s. Buy Excess Formed There, Halting The Pullback As Narrow Balance Then Developed Into The London Open. Buy Excess Formed Early In London Trade, Driving Price Higher Again Through Key Resistance To 41.63s Into The NY Open. 
  • Minor Sell Excess Emerged Early In NY Trade, Halting The Rally. Price Discovery Lower Developed Before Selling Interest Emerged At Key Resistance, Driving Price Lower To 40.03s Into The NY Close....

Oil & Gas Daily 22Jun

Monday's Auction

WTI Daily Auction 22Jun

WTI

  • Monday's Auction Saw Price Discovery Lower During The Asia Auction To 39s. Large Buy Excess, 39s-39.50s, Formed, Halting The Pullback Before Rotation Higher To 40.17s Developed Ahead Of The London Auction. Minor Excess Developed There As Balance Developed, 40.17s-39.50s, Into The London Open. Balance Continued Into London Trade Before A Pullback Developed To 39.38s, Testing The Globex Buy Excess Into The NY Open. 
  • Buyers Interest Emerged As Amidst Buy Excess Early In NY Trade, Halting The Pullback. Price Discovery Higher Developed Before Sellers Trapped, 40s-40.15s, As Key Resistance Failed. Price Discovery Higher Continued Before A Buy Spike Formed, 40.40s-40.77s, Into The NY Close....