WTI 23Mar

Monday's Auction

WTI Daily Auction 23Mar

  • Monday's Auction Saw A Sellside Breakdown In Sunday's Trade Through Key Support, 22.39s, Achieving The Stopping Point Low, 20.80s, At/Near Last Week's Major Support. Rejection Developed There During Asian Trade, Driving Price Higher To 23.24s. Selling Interest Developed There, Developing Balance, 23.24s-22.12s, Into The London Auction. A Minor Probe Lower Developed To 21.93s Where Sellers Trapped Amidst Buy Excess, Driving Price Higher To 23.64s As A Buy Spike Developed, 23s-23.64s, Into The NY Open.
  • Selling Interest Emerged Early In The NY Auction, Driving Price Lower To 21.79s, Testing The London Support. Buying Interest Emerged There, Driving Price Higher To 23.68s, Testing London's Key Resistance Into The NY Close....