WTI 07Feb

Friday's Auction

WTI Daily Auction 07Feb20

  • Friday's Auction Saw Minor Price Discovery Higher Through Key Resistance, 51.28s, To 51.48s, Following Thu's NY Close. Selling Interest Emerged There, Halting The Buyside Sequence. Price Discovery Lower Developed To 50.81s Into The London Auction. Sellers Trapped There, Driving Price Higher To 51.33s Where Selling Interest Emerged Amidst Sell Excess. Price Discovery Lower Developed To 50.16s Where Selling Interest Emerged Into The NY Open.
  • The Late London Sellers Trapped Amidst Buy Excess Early In The NY Trade. Driving Price Higher To 51.04s At/Near The Globex Sellside Breakdown Area. Selling Interest Emerged There, Driving Price Lower To 50.26s Ahead The NY Close....