WTI 18Jul

Thursday’s Auction

WTI Daily Auction 18Jul
Focus Into Fri On Response To Thu’s NY Close, 55.42s.

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  • Thursday’s Auction Saw Selling Interest Through Key Support, Driving Price Lower Through NY Auction To 54.85s Near Thu’s 1SD Low Target And The Weekly 1SD Low Target. Buying Interest Emerged There, Forming A Buy Excess Into The NY Close Following A -1SD Trend Lower In The NY Auction.
  • As Is Noted And Evident In TheĀ Market Profile Database, There Is No Asymmetric Potential For Lower Prices (Into The Following London Auction) In The Event Of A -1SD NY Trend. While The Near-Term Bias Is Sellside, Mkt Generated Data Does Not Suggest Lower Prices In The Immediate Term (Barring New Sellside Order Flow Activity). The Near-Term Sellside Bias (15Jul @59.93s) Hit +8.5% At Today’s Price Extreme, Within The Expectancy Bandwith (5-15%).
  • Focus Into Fri On Response To Thu’s NY Close, 55.42s.
  • IF 55.42s Fail As Resistance: 56.88s/57.62s.
  • IF 55.42s Hold As Resistance: 53.96s/53.22s.
  • London ADR: .76
  • NY ADR: 1.46
WTI Daily Dashboard 18Jul

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