WTI 16Jun

Tuesday's Auction

WTI Daily Auction 16Jun

WTI

  • Tuesday's Auction Saw Minor Rotation Higher To 37.44s In Asia Trade Where Selling Interest Emerged, Halting The Rally. A Pullback Ensued To 36.38s Where Sellers Trapped Amidst Buy Excess As Mon's Spike Held As Support. Rotation Higher Developed To 37.72s Into The London Open. Buy Excess Formed Early In London Trade Near Key Resistance Before The Rally Continued To 38.71s At Tue's ADR High Target As A Gap Higher Formed Into The NY Open. 
  • Price Discovery Higher Continued Early In NY Trade To 39.06s Near Tue's 1SD High Target. Buyers Trapped There, Halting The Rally Before Driving Price Lower To 37.07s, Filling The Gap. Sellers Trapped Amidst Buy Excess There Before Rotation Higher To 38.50s Into Into The NY Close....