Oil & Gas Daily 26Jun

Friday's Crude Auction

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WTI Daily Auction 26Jun

WTI

  • Friday's Auction Saw Balance Develop, 38.82s-39.31s, Around Key Resistance During Asia Trade. Balance Continued Into The London Auction Before A Sell Excess Formed On A Breakout Attempt As Key Resistance Held. Aggressive Price Discovery Lower Developed To 38.12s Into The NY Open. 
  • Price Discovery Lower Developed Early In NY Trade To 37.79s. Sellers Trapped Before Narrow Balance Developed, 37.79s-38.40s, Before Rotation Higher Developed To 38.60s Where Buyers Trapped Into The NY Close....