Oil & Gas Daily 12Nov

Thu's Auction Saw Balance Around Wed's Settlement In Asia Trade. A Minor Probe Lower Continued To 41s In London Trade Where Buy Excess Emerged Halting The Selloff. A Relief Rally Ensued To 41.70s Into The NY Open. 

Sellers Trapped Amidst Buying Interest Early In NY Trade, Driving Price Modestly Higher In A Relief Rally Through The EIA Release (+4.2mil v -910k exp) To 42.19s. Buyers Then Trapped Near The W1SD High Target Before The Market Sold Off, Forming A Sell Spike, 41.60s-41.05s, Into The NY Close....

Oil & Gas Daily 04Nov

Wed's Auction Saw Price Discovery Higher To 38.92s In Asia Trade Where Sell Excess Formed. Balance Developed, 37.83s-338.77s, Into London Trade. A Failed Breakdown Attempt Developed To 37.26s Early In London Trade Where Buy Excess Formed, Driving Price Higher To 38.85s, Testing Key Resistance Into The NY Open. 

A Pullback Developed To 37.80s Early In NY Trade Where Buy Excess Emerged. The Rally Continued To 39.23s Through The EIA Release (-7.99mil v +890k exp) Near Wed's 1SD High Target Into The NY Close....