Oil & Gas Daily 19Jun

Friday's Auction

WTI Daily Auction 19Jun

WTI

  • Friday's Auction Saw Price Discovery Higher Through Key Resistance Early In Asia Trade. Balance Developed, 39.67s-39.06s, Above Key Resistance Into The London Auction. Buy Excess Formed Early In The London Auction, Driving Price Higher To 40.44s As A Gap Higher Open Formed Into The NY Open. 
  • Narrow Balance Continued Early In NY Trade Before A Breakout Attempt To 40.60s At Fri's ADR High Target Developed. Sell Excess Formed There, Halting The Rally. Price Discovery Lower Ensued As The Breakout Failed And The Gap Was Filled To 38.51s. Buy Excess Formed, Halting The Pullback. Rotation Higher Developed To 39.94s Into The NY Close....

WTI 18Jun

Thursday's Auction

WTI Daily Auction 18Jun

WTI

  • Thursday's Auction Saw Price Discovery Lower Modestly Through Key Support, 37.70s, To 37.40s In The Asia Auction. Buying Interest Emerged There, Halting The Pullback As Rotation Higher Back Through Key Support To 38.15s Developed Into The London Auction. The Rotation Higher Continued In London Trade To 38.81s As Selling Interest Emerged Before Buyers Trapped. Rotation Lower Toward 38.10s Developed Into The NY Open. 
  • A Push Lower Toward Key Support Developed To 37.80s Early In NY Trade. Sellers Trapped As Buy Excess Halted The Pullback. Price Discovery Higher Developed Toward 39.12s As Narrow Balance Developed Near Key Resistance Into The NY Close....