Oil & Gas Daily 07Apr

Wed's Auction Saw Balance In Globex Trade As Key Support Was Tested To 58.78s. Buying Interest Emerged There, Driving Price Higher To 60.04s Where Buyers Trapped Into The NY Open. 

Price Discovery Lower Developed Early In NY Trade As A Sellside Breakdown Through Key Support Developed Through The EIA Release (-3.5mil v -1.4mil exp) To 58.12s. Buying Interest Emerged Amidst Excess, Halting The Selloff. Rotation Higher Ensued To 59.92s Into The NY Close....