WTI 12Jun

Friday's Auction

WTI Daily Auction 12Jun

  • Friday's Auction Saw Price Discovery Lower Early In Asia Trade, Testing Key Support, 35.41s. A Sellside Breakdown Developed There To 34.48s Near Fri's 1SD Low Target. Buy Excess Formed There, Halting The Selloff Before Rotation Higher To 36.05s Developed Ahead Of The London Auction. A Pullback To 34.90s Near Fri's ADR Low Target Developed Into The London Open. Buying Interest Emerged There, Driving Price Higher To 36.75s As An Unsecured High Developed Into The NY Open. 
  • Buying Interest Emerged Early In NY Trade As London's Unsecured High Was Repaired To 36.99s. Buyers Trapped There Before A Flush Lower Developed To 35.41s. BUy Excess Emerged There, Halting The Selloff As Balance Developed, 35.41s-36.51s, Into Into The NY Close....