WTI 26May

Tuesday's Auction

WTI Daily Auction 26May

  • Following The Failed Breakdown Of Monday's Holiday-Shortened Auction To 32.48s, The Buy Excess Formed There Before Price Discovery Higher Developed To 34.54s Into The London Auction. Minor Excess Developed There As A Pullback Ensued To 33.76s. Buy Excess Formed There As Rotation Higher Developed Toward London's High Into The NY Open. 
  • A Failed Breakout Developed Early In NY Trade To 34.81s Where Sell Excess Formed, Halting The Rally. Price Traded Back Below Resistance As A Pullback Developed To 33.38s Where Buy Excess Formed, Driving Price Higher To 34.51s Into The NY Close....

WTI 22May

Friday's Auction

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WTI Daily Auction 22May

  • Friday's Auction Saw A Sellside Breakdown Through Key Support In The Asia Auction. Aggressive Selling Developed To 30.72s Just Beyond Friday's 2SD Low Target. Buy Excess Formed, Halting The Selloff As Rotation Higher Developed To 32.25s Into The London Auction. Balance Developed, 32.25s-31.36s, Before Price Discovery Higher Developed To 32.87s As A Gap Lower Open Developed Into The NY Open. 
  • Buying Interest Emerged Amidst A Buy Excess Early In NY Trade As A Narrow, Grinding Trend Higher Developed To 33.20s, Filling The Gap Into The NY Close....