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....

Oil & Gas Daily 31Mar

Wed's Auction Saw Price Discovery Higher Early In Globex Trade To 61.17s, Near Weekly Key Resistance. Selling Interest Emerged There As Rotation Lower To 59.96s Developed, Testing Key Support Into The NY Open. 

Sellers Trapped There Amidst Excess Early In NY Trade As Rotation Higher Developed Through The EIA Release (-876k v +100k exp) To 61.16s. Buyers Trapped There Before Aggressive Price Discovery Lower Developed Through Key Support To 58.97s Near Wed's ADR Low Target As A Sell Spike Formed Into The NY Close....