Oil & Gas Daily 13Jan

Wed's Auction Saw Buying Interest Drive Price Higher During Globex Trade Through Key Resistance To 53.93s. A Sell Response Developed, Driving Price Lower To 53.21s, Testing The Breakout Ahead Of The NY Open. 

A Minor Relief Rally Developed To 53.62s Early In NY Trade Before Selling Interest Emerged Amidst Excess, Driving Price Lower Through The EIA Release (-3.2mil v -2.2mil exp) To 52.68s. Sellers Trapped Amidst Excess, Halting The Selloff As Balance Developed Into The NY Close....