Tag: EIA

Wed's Auction Saw A Globex Breakout Attempt Through Daily Key Resistance To 79.22s. Sell Excess Formed, Driving Price Lower As The Breakout Failed To 78.08s Into The NY Open. Re-Test Of Key Resistance Developed Early In NY Trade Through The EIA Release (+1mil v -950k exp) Where Buyers Trapped As Rotation Lower Developed To 78.13s Into The NY Close....

Wed's Auction Saw Buyers Trap As Globex Price Discovery Lower To 78.55s Developed As A Breakdown Through Daily Key Support Into The NY Open. Buyers Trapped Early In NY Trade, Driving Price Lower Through The EIA Release (-2.1mil v +1.4mil exp) To 76.92s Near Wed's 1SD Low Target. Buying Interest Emerged Into The NY Close....