WTI 06Jan

Monday's Auction

WTI Daily Auction 06Jan

  • Monday's Auction Saw A Gap Higher Open Upon Sunday's Globex Reopen Before Price Discovery Higher Developed To 64.72s At/Near Mon's 2SD High Target Ahead Of The London Auction. Buyers Trapped There Amidst Sell Excess, Halting The Buyside Sequence, Driving Price Lower Back Through Prior Resistance To 63.46s Ahead Of The NY Open.
  • Balance Developed Early In NY Before Selling Interest Emerged, Driving Price Lower To 62.81s Where Sellers Trapped Ahead Of The NY Close....