Oil & Gas Daily 17Jul

Friday's Crude Auction

WTI Daily Auction 17Jul

WTI

  • Fri's Auction Saw Minor Rotation Higher In Asia Trade Toward Thu's Key Resistance As Balance Developed Around Thu's Settlement. Price Discovery Lower Developed Early In London Trade To 40.47s Where Sellers Trapped, Halting The Pullback. Narrow Balance Then Continued Into The NY Open. 
  • Buying Interest Drove Price Higher Early In NY Trade To 41.05s Near Key Resistance Where Selling Interest Emerged, Rejecting The High. Rotation Lower Developed To 40.18s Where Sellers Trapped As Key Support Was Tested. Rotation Higher To 40.95s Followed Into The NY Close....