WTI Crude Daily 18Aug

Tuesday's Auction

via The Daily

As noted in Mon's analysis, the focus into Tue's auction on response to Major Structural Support, 41.65s-41.90s, was key as buying interest emerged yet again at/near 41.90s, driving price higher toward Sell Program Resistance overhead. Focus into Wed's auction on response to Tue's Buy Spike, 42.90s-43.38s. 

Tuesday's Live Blog Excerpt 
via The Daily

WTI Crude Daily 08Jun

Monday's Auction

via The Daily

As noted in Fri's analysis, the focus into Mon's auction on response to Fri's Buy Spike, 58.25s-59.15s, was key as selling interest emerged both during Mon's Globex auction near Fri's Buy Spike High and in the NY auction ultimately driving price lower toward the Avg Daily Range Low. Focus into Tue's auction on response to Key Demand Cluster, 57.70s-58s.

Monday's Micro-Blog Excerpt

via The Daily

WTI Crude Daily 15Apr

Tuesday's Auction

via The Daily

As noted in Tue's analysis, focus on response to 53.70s was key in Wed's Auction as buying interest entered, driving price and value higher toward the Daily 2nd Std Dev High. Focus into Thu's auction on response to Wed's Buy Spike. 

Wednesday's Micro-Blog Excerpt

via The Daily

 Noted here during Wed's auction

(highlighted in yellow)

• Buying interest enters at/near 54.10s-54.15s, filling in the NY auction Selling Tail, negating the prior structural short premise. 
• Following the "bullish" EIA data catalyst, initiative buy programs (IBP) entered at/near 54.60s as the expectation developed for price discovery higher. 
• Key upside reference levels including Major Structural Resistance, 56s. Ultimately, the market auctioned toward 56s before a Structural Buy Spike developed higher into the close.

Wednesday's Auction

via The Daily

WTI Crude Daily 25Mar

Tuesday's Auction

via The Daily

As noted in Tue's analysis, focus into Wed's auction on response to Tue's Key Structural Support, 47.15s, was key as buying interest entered there, ultimately resulting in price discovery higher despite the "bearish" EIA data narrative toward the Avg Daily Range High. Focus on Buy Spike, 48.40s-49.45s, into Thu's auction.

Wednesday's Micro-Blog Excerpt

via The Daily

Noted during Wed's auction

(Highlighted in yellow)

•  Sellside momentum extreme reached early in NY auction at/near 47.35s.
• Responsive buy programs (RBP) enter at/near 47.45s-47.55s.
• Key Structural Support holds as a Structural Buying Tail, 47.40s-47.70s, develops, implying potential for price discovery higher.
• Buy programs at/near 48.05s. Ultimately, the market auctioned higher toward our Avg Daily Range High Expectation, 49.25s, to 49.46s. 

Wednesday's Auction

via The Daily

WTI Crude Daily 18Mar

Tuesday's Auction

via The Daily

As noted in Tue's analysis, focus on response to Key Structural Support (42.60s-43s In Apr/ 44.40s-45s in May), was key as buying interest emerged there, developing Balance through the "bearish" EIA data culminating in buying interest driving price higher on Fed policy guidance. Focus on response to Wed's Buy Spike into Thu's auction. 

Wednesday's Micro-Blog Excerpt

via The Daily

Noted here during Wed's auction

(highlighted in yellow)

•  Following the failure of  initiative sell programs (ISP) at/near 44.20s-44.15s, responsive buy programs (RBP) entered at/near 44.05s-44.15s, Major Structural Support. This structural development implied growing risk to the Sellside into the EIA catalyst.
• Ultimately, the "bearish" EIA data resulted in initiative buying interest (IBP), driving price higher toward 47s in short covering inventory adjustment.  

Wednesday's Auction

via The Daily