OG Daily 13May

Fri's Auction Saw Globex Price Discovery Higher To 109.04s As A Gap Higher Open Formed Into The NY Open. Buy Excess Formed Early In NY Trade, Confirming The Gap, Driving Price Modestly Higher To 110.64s Near The $110 Option Wall Into The NY Close....

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Author sdfanalyticsPosted on 13/May/202216/May/2022Categories Energy DailyTags 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.

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Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.