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....