WTI 20May

Wednesday's Auction

WTI Daily Auction 20May

  • Wednesday's Auction Saw Balance, 31.56s-32.31s, Into The London Auction. A Buyside Breakout Developed To 32.82s Through Key Resistance As Sellers Trapped, 32.54s, Into The NY Open. 
  • Price Discovery Higher Developed Through This Week's Prior Resistance, 33.10s, Amidst The EIA Release (-4.9mil v +1.1mil exp). The Rally Continued To 33.74s Where Sell Excess Formed, Halting The Buyside Sequence. A Pullback And Retest Of The Breakout Developed To 32.67s Before Rotation Higher Toward Resistance Developed Into The NY Close....