Oil & Gas Daily 25Jun

Thursday's Crude Auction

WTI Daily Auction 25Jun


  • Thursday's Auction Saw Balance Develop, 38.46s-37.50s, Above Key Support During Asia Trade. A Sellside Breakdown Attempt Developed Early And Late In London Trade To 37.08s Where Sellers Trapped And Buying Interest Emerged Into The NY Open. 
  • Buy Excess Formed Early In NY Trade Before Buying Interest Drove Price Higher From Key Support To 39.15s. Sell Excess Formed There, Halting The Rally Into The NY Close....