Thursday's Crude Auction
WTI
- 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....