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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Weekly Economic Releases

25May- WTI EIA Inventory (1530UTC/0930CST)

-1.01mil v -737k exp.

26May- NG EIA Inventory (1530UTC/0930CST)

+80bcf v +89bcf exp.

MARKET STRUCTURE EVENT

09May– WTI Gap Lower.

Mon’s Market Sees A Gap Lower Into The NY Open.

87% (228 out of 262 instances) of Gap Lower Opens have closed lower with an average NY range amplitude of 167 ticks.

13% (34 out of 262 instances) of Gap Lower Opens have closed higher with an average NY range amplitude of 162 ticks.

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Sharedata Futures, Inc. provides historical data mining/visualization and software tools for the benchmark NYMEX Energy Futures Markets.

Sharedata’s services assist in managing uncertainty and risk in oil and natural gas pricing.

Harness the power of historical data mining and dynamic systems analysis to inform your risk management.

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