WTI 05Feb

Wednesday's Auction

WTI Daily Auction 05Feb

  • Wednesday's Auction Saw Sellers Trap, 49.41s, Near Tue's Key Support, Driving Price Higher To 50.27s Ahead Of The London Auction. Buy Excess Developed Early In The London Auction, Driving Price Higher To 51.19s Ahead Of The NY Open As A London p Shape Structure Developed.
  • Price Discovery Higher Developed Through The EIA Release (+3.3mil v +2.8mil exp) To 51.88s At Wed's 2SD High Target. Buyers Trapped, 51.52s/51.70s, Before Sell Excess Halted The Auction, Driving Price Lower In Retracement To 50.44s Where Buy Excess Emerged Ahead The NY Close....