OG Daily 12Jan

Wed's Auction Saw Globex Price Discovery Higher To 82.28s As A Gap Higher Formed Into The NY Open. Price Discovery Higher Continued Early In NY Trade Through The EIA Release (-4.5mil v -1.9mil exp) To 83.14s Where Sell Excess Formed Into The NY Close....

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Author sdfanalyticsPosted on 12/Jan/202213/Jan/2022Categories Energy DailyTags EIA, Gap Higher

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MARKET STRUCTURE EVENT

18Jan– WTI Gap Higher Open.

Tue’s Market Opens Gap Higher Amidst The Feb-Mar Contract Liquidity Roll.

Gap Higher Opens Have Closed Higher 88% (257 of 291 Times) Of Previous Instances Since Q2 2013. The Average Range Amplitude Of Higher NY Auction Closes Is 121 Ticks.

Gap Higher Opens Have Closed Lower 12% (34 of 291 Times) Of Previous Instances Since Q2 2013. The Average Range Amplitude Of Lower NY Auction Closes Is 166 Ticks.

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