WTI Crude Daily 13Feb



Thursday's Auction


As noted in Thu's analysis, focus on response to the Unsecured High, 51.40s, was key in Fri's auction as buying interest drove price higher during the Globex session, forming a Gap Higher open. Price discovery higher ultimately continued toward the Avg Daily Range High. Focus on response to 53.40s into Mon's auction. 






 



Friday's Micro-Blog Excerpt
via The Daily

Noted here was the development of the Structural Gap Higher open and the implications for price discovery higher. The Gap Higher Open Study illustrated the asymmetric potential for price discovery higher based on the market generated data. Ultimately, the market achieved the Avg Daily Range High expectation, 53.38s.  












WTI Gap Higher Opens
via The Daily











Friday's Auction
via The Daily