Oil & Gas Daily 01Jul

Wednesday's Crude Auction

WTI Daily Auction 01Jul


  • Wednesday's Auction Saw Minor Rotation Higher To 39.95s In Asia Trade Before A D-Shape Cluster Developed, 39.95s-39.54s, Into The London Auction. A Breakout From The Cluster Developed In London Trade Through Key Resistance To 40.58s Where Sell Excess Halted The Rally. The Breakout Failed Resulting In Aggressive Price Discovery Lower To 39.05s Where Buying Interest Emerged And Rotation Higher To 39.90s Developed Into The NY Open. 
  • Constricted Balance Trade Dominated The NY Auction As Buyers Trapped, 40.05s Ahead Of The NY Close....