WTI 04Dec

Wednesday's Auction

WTI Daily Auction 04Dec

  • Wednesday's Auction Saw Early Globex Filling In Of Tue's Sell Excess Near Key Resistance. A p-Shape Structure Then Developed In The London Auction To 57.20s, As Key Resistance Failed And A Gap Higher Open Developed.
  • Aggressive Price Discovery Higher Developed Early In New York, Confirming The Gap, And Driving Price Higher Through The EIA Release (-4.8mil v -1.7mil exp) To 58.66s, Near Wed's 2SD High Target. Buyers Trapped There As A Minor Sell Excess Developed Ahead Of The NY Close....