WTI 06Nov

Wednesday's Auction

WTI Daily Auction 06Nov

  • Wednesday's Auction Saw Globex Selling Interest Through Key Support, Achieving A Stopping Point, 56.75s, Into The London Auction. Minor Buy Excess Emerged There, Halting The Sellside Sequence.
  • Balance Developed, 56.75s-57.31s, Into The NY Auction Before A Buyside Breakout Developed Ahead Of The EIA Release (+7.9mil v +1.5mil exp), Achieving The Stopping Point High, 57.85s. Selling Interest Emerged, Driving Price Aggressively Lower Back Through Key Support As The Breakout Failed And Price Discovery Continued To 56.11s Near Wed's ADR Low Target Where Buy Excess Developed, Halting The Sellside Sequence.