WTI 12Feb

Wednesday's Auction

WTI Daily Auction 12Feb

  • Wednesday's Auction Saw Tue's Key Support, 49.80s, Hold As Sellers Trapped There, Driving Price Higher To 50.78s. Minor Sell Excess Developed There Near Tuesday's High Into The London Auction. Balance Developed Into The London Open Before Buying Interest Emerged, 50.80s, Driving Price Higher To 51.16s Just Beyond Wed's ADR High Target Into The NY Open As A Gap Higher Open Developed.
  • Buying Interest Emerged Early In NY Trade, Confirming The Gap, As Price Discovery Higher Developed Through The EIA Release (+7.4mil v +2.9mil exp) To 51.73s At/Near Wed's 2SD High Target. Buyers Trapped There, Driving Price Lower In Retracement To 51s As Narrow Balance Developed, 51s-51.40s, Ahead The NY Close....