WTI 25Mar

Wednesday's Auction

WTI Daily Auction 25Mar

  • Wednesday's Auction Saw Early Globex Price Discovery Higher To 25.24s, Testing This Week's Resistance During The Asia Auction As Tue's Late Buyers Held. Sell Excess Developed There, Halting The Buyside Sequence Before Aggressive Price Discovery Lower Ensued To 23.15s In The London Auction. Buying Interest Emerged There, Developing Balance, 23.15s-23.85s, Into The NY Open. 
  • A Failed Sellside Breakdown Attempt Developed Early In NY Trade To 22.91s Where Buy Excess Emerged, Halting The Sellside Sequence. Price Discovery Higher Ensued Through The EIA Release (+1.6mil v +2.7mil exp) To 24.88s Into The NY Close....