Oil & Gas Daily 28Jul

Following Tue's Pullback To 71.08s And Rally Back To Key Resistance, Wed's Auction Saw A Breakout Of Daily Key Resistance In Globex To 72.60s. Sell Excess Formed As Buyers Trapped, Driving Price Lower To 71.70s Into The NY Open. Buying Interest Emerged Early In NY Trade As Constricted Rotation Higher Developed Through The EIA Release (-4mil v -2.9mil exp) To 72.57s Where Buying Interest Emerged Ahead Of The NY Close.... 

Oil & Gas Daily 27Jul

Following Mon's Failed Breakdown & Subsequent Balance, Tue's Auction Saw A Probe Of Daily Key Resistance In Globex Before A Sellside Flush To 71.46s Developed. Buy Excess Emerged There, As Rotation Higher Developed To 72.28s Where Sell Excess Formed Into The NY Open. Sell Excess Developed Again Early In NY Trade Before Buyers Trapped As Price Discovery Lower Developed To 71.08s. Sellers Trapped There Amidst Buy Excess As Balance Developed, 71.20s-71.90s, Into The NY Close....