WTI 17Jun

Wednesday's Auction

WTI Daily Auction 17Jun

WTI

  • Wednesday's Auction Saw Minor Rotation Lower From Key Resistance In Asia Trade To 37.48s. Minor Excess Developed There As Rotation Higher Developed Through Key Resistance To 39.01s In The London Auction. Sell Excess Developed There, Halting The Auction As Rotation Lower Continued To 37.77s Into The NY Open. 
  • A Minor Probe Lower Developed To 37.70s Early In NY Trade As Buy Excess Halted The Pullback. Narrow Balance Developed, 37.70s-38.64s, Through The EIA Release (+1.2mil v -150k exp) As The Jul-Aug Liquidity Roll Continued Into Into The NY Close....