Oil & Gas Daily 16Sep

Wed's Auction Saw Balance Before Buying Interest Drove Price Higher Through Key Resistance To 39.22s In Asia Trade. Buy Excess Formed Early In London Trade, Driving Price Higher To 39.42s Near Wed's ADR High As A Gap Higher Formed Into The NY Open. 

Buying Interest Emerged Early In NY Trade, Confirming The Gap As The Rally Continued Through The EIA Release (-4.3mil v +1.2mil exp) To 40.33s Near Wed's 2SD High Target. Buyers Trapped There Amidst Sell Excess, Halting The Rally Into The NY Close....