WTI 10Jan

Wednesday’s Auction
  • Globex Buying Interest From Tue Settle, Price Discovery To 63.67s Near Our Avg Daily Range High, Selling Interest There
  • Selling Interest There Into EIA To 63.09s, Buying Interest There & Balance Development, 63.09s-63.61s.
  • Focus Into Thu’s Auction On Response To Key Resistance, 63.60s-63.70s.
As noted in Tue’s analysis, the focus into Wed’s Auction On Response To Key Support, 62.80s-62.90s, was significant as Globex buying interest drove price higher to 63.67s near our Avg Daily Range High. Responsive selling entered, driving price lower into the EIA release to 63.09s where responsive buying entered, developing Balance, 63.09s-63.61s, closing at 63.57s.
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WTI 09Jan

Tuesday’s Auction
  • Globex Buying Interest From Fri Settle, Price Discovery To 61.95s, Selling Interest There.
  • Balance Early NY, 61.80s-62.30s, Buyside Breakout Holds, Initiative Buying At 62.50s.
  • Price Discovery Higher To 63.24s, At Our Daily 2nd Std Dev High, Selling Interest There.
  • Focus Into Wed’s Auction On Response To Key Support, 62.80s-62.90s.
As noted in Mon’s analysis, the focus into Tue’s Auction On Response To Key Volume Cluster, 61.60s-61.30s, Within Context Of Potential Lower High Development, 61.95s,was key as Globex buying interest drove price higher to 62.52s at our Avg Daily Range High Expectation, before retracement into NY to the Breakout Area held as support, resulting in price discovery higher as initiative buying entered, 62.50s, driving price higher to 63.24s at our Daily 2nd Std Dev High Expectation, where selling interest emerged, closing at 62.96s.
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