WTI 10Jan

Wednesday’s Auction
  • Globex Buying Interest From Tue Settle, Price Discovery To 63.67s Near Our Avg Daily Range High, Selling Interest There
  • Selling Interest There Into EIA To 63.09s, Buying Interest There & Balance Development, 63.09s-63.61s.
  • Focus Into Thu’s Auction On Response To Key Resistance, 63.60s-63.70s.
As noted in Tue’s analysis, the focus into Wed’s Auction On Response To Key Support, 62.80s-62.90s, was significant as Globex buying interest drove price higher to 63.67s near our Avg Daily Range High. Responsive selling entered, driving price lower into the EIA release to 63.09s where responsive buying entered, developing Balance, 63.09s-63.61s, closing at 63.57s.