Oil & Gas Daily 29Jun

Monday's Crude Auction

WTI Daily Auction 29Jun

WTI

  • Monday's Auction Saw Price Discovery Lower To 37.50s, Testing Key Support During Asia Trade. Buy Excess Formed There, Halting The Pullback Into The London Open. Buy Excess Emerged Early In London Trade, Driving Price Aggressively Higher To 39.12s Into The NY Open. 
  • Balance Developed, 39.12s-38.48s, Early In NY Trade Before Buy Excess Formed, Driving Price Higher To 39.89s. Selling Interest Emerged There Amidst Sell Excess, Halting The Rally Into The NY Close....