Oil & Gas Daily 02Oct

Fri's Auction Saw Price Discovery Lower To 37.22s In Asia Trade As Buying Interest Emerged Into The London Open. Balance Developed Early In London Trade Before Price Discovery Lower Developed To 36.80s Into The NY Open As A Gap Lower Formed. 

Sellers Trapped Early In NY Trade, Halting The Selloff. Rotation Higher Developed To 37.79s Where Selling Interest Emerged Amidst Excess As Balance Developed Into The NY Close....

Oil & Gas Daily 24Jun

Wednesday's Auction

WTI Daily Auction 24Jun


  • Wednesday's Auction Saw Narrow Balance Develop At Key Support Into The London Auction. Sell Excess Then Formed As A Sellside Breakdown Developed Through Key Support To 39.36s As A Gap Lower Open Formed Into The NY Open. 
  • Sell Excess Formed As Buyers Trapped Early In NY Trade Confirming The Breakdown And Gap Lower Open. Aggressive Price Discovery Lower Continued Through The EIA Release (+1.4mil v +229k exp) To 37.31s Near Wed's 2SD Low Target. Buying Interest Emerged There Amidst Buy Excess, Halting The Selloff. Balance Developed, 38.60s-37.65s, Into The NY Close....