WTI 18Apr

Wednesday’s Auction
  • Globex Buying Interest To 67.84s, Gap Higher Open.
  • Buying Interest Early NY Confirming Gap, Buyside Continuation To 68.41s Post-EIA At Wed’s 2SD High Target.
  • Selling Interest There & Balance, 68.40s-67.57s, Buy Spike, 68.30s-68.54s, Into Close.
  • Focus Into Thu’s Auction On Response To Wed’s Buy Spike, 68.30s-68.54s.
As noted in Tue’s analysis, the focus into Wed’s Auction On Response To Key Supply, 66.75s, was of significance as early Globex buying interest drove price higher from Tue Settle to 67.84s in London near Wed’s ADR High Target as the mkt opened Gap Higher. Buying interest resumed early in NY driving price higher in Buyside Continuation to 68.06s, near the 1SD High Target where selling interest emerged & Balance developed, 68.06s-67.70s, through the EIA release. Buying interest post-EIA release, driving price higher, achieving a Stopping Point, 64.41s, at the 2SD High Target where selling interest emerged, developing Balance, 68.40s-67.57s, before a Buy Spike developed, 68.30s-68.54s, closing at 66.47s.
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