WTI 11Jan

Thursday’s Auction
  • Globex Buying Interest From Wed Settle, Price Discovery To 64.08s, Selling Interest There, Gap Higher Open Develops.
  • Buying Interest Early NY, Confirming Gap, Buyside Continuation To 64.77s At Our Daily 1st Std Dev High, Responsive Selling There & Balance.
  • Focus Into Fri’s Auction On Response To Key Resistance, 64.60s-64.77s.
As noted in Wed’s analysis, the focus into Thu’s Auction On Response To Resistance, 63.60s-63.70s,was key as Globex buying interest drove price higher in Buyside Breakout & Continuation achieving the Globex High, 64.08s. Responsive selling entered, developing Balance, 64.08s-63.80s, as the mkt opened Gap Higher. Initiative buying entered, 64.10s, confirming the Gap , driving price higher, achieving the Stopping Point High, 64.77s, near our Daily 1st Std Dev High Responsive selling entered there, developing Balance, 64.24s-64.68s, into the mid-auction, before initiative selling entered, 64.30s, driving price lower in long liquidation to 67.73s, closing at 63.83s.

 

As noted in Wed’s analysis, the focus into Thu’s Auction On Response To Resistance, 63.60s-63.70s,
was key as Globex buying interest drove price higher in Buyside Breakout & Continuation achieving the Globex High, 64.08s.
Responsive selling entered, developing Balance, 64.08s-63.80s, as the mkt opened Gap Higher.
Initiative buying entered, 64.10s, confirming the Gap , driving price higher, achieving the Stopping Point High, 64.77s, near our Daily 1st Std Dev High
Responsive selling entered there, developing Balance, 64.24s-64.68s, into the mid-auction, before initiative selling entered, 64.30s,
driving price lower in long liquidation to 67.73s, closing at 63.83s.”