WTI 22Jan

Wednesday's Auction

WTI Daily Auction 22Jan

  • Wednesday's Auction Saw Globex Price Discovery Lower Following Tuesday's Sell Excess Into The NY Close. Price Discovery Lower Developed Through Key Support, 58.22s, Into The London Auction Before A Sell Spike Developed, 57.80s-57.67s, Into The NY Open.
  • Selling Interest Emerged At The London Low Early In The NY Auction, Driving Price Lower In Sellside Continuation As The Sell Spike Held As Resistance. Price Discovery Lower Developed To 56.57s Developed Where Sellers Trapped As Balance Developed, 56.57s-57.08s, Ahead Of The NY Close....