WTI 08Jan

Wednesday's Auction

WTI Auction 08Jan

  • Wednesday's Auction Saw Aggressive Price Discovery Higher After The Globex Re-Open Upon The News Of The Iranian Strike On Iraqi Targets. Price Discovery Higher Developed To 65.65s Where Selling Interest Emerged, Halting The Buyside Sequence Shy Of The Average Weekly Range High Target, 66.67s. Price Discovery Lower Developed Through London To 61.31s Ahead Of The NY Open.
  • Buyers Trapped Early In NY Before Selling Interest Emerged Through The EIA Release (+1.1mil v -3.5mil) Driving Price Lower To 59.15s Where Sellers Trapped Ahead Of The NY Close....