Oil & Gas Daily 23Jun

Tuesday's Auction

WTI Daily Auction 23Jun

WTI

  • Tuesday's Auction Saw Minor Price Discovery Higher During The Asia Auction Through Key Resistance To 41.24s. A Minor Sell Response Developed There, Driving Price Lower Back Through Key Resistance As The Breakout Failed. Aggressive Price Discovery Lower Developed To 39.76s. Buy Excess Formed There, Halting The Pullback As Narrow Balance Then Developed Into The London Open. Buy Excess Formed Early In London Trade, Driving Price Higher Again Through Key Resistance To 41.63s Into The NY Open. 
  • Minor Sell Excess Emerged Early In NY Trade, Halting The Rally. Price Discovery Lower Developed Before Selling Interest Emerged At Key Resistance, Driving Price Lower To 40.03s Into The NY Close....