WTI Crude Daily 23Sep

Wednesday's Auction

via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to 46.75s was key as buying interest emerged post  "bullish" EIA data encountering aggressive responsive selling, resulting in a failed breakout and price discovery lower toward the Avg Daily Range Low. Focus into Thu's auction on response Wed's Unsecured Low, 44.40s.

WTI Crude Daily 18Sep

Friday's Auction

via The Daily

As noted in Thu's analysis, the focus into Fri's auction on response to developing Balance, 46.40s-47.70s, was key as selling interest drove price below 46.40s, Key Structural Support, confirming a false Buyside breakout toward the Avg Daily Range Low. Focus into Mon's auction on response to Fri's Sell Spike.

WTI Gap Lower Opens 
via The Daily

Friday's auction saw a structural Gap Lower open. Based on the market generated data, this market structure implied asymmetric potential for lower prices. The market ultimately saw price discovery lower toward the Daily 1st Std Dev Low.

WTI Crude Daily 05Aug

Wednesday's Auction

via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to developing trade cluster, 46.25s-45.20s, was key as buying interest attempted to drive price higher on "bullish" EIA data. Selling interest entered at/near the 5day VWAP, driving price aggressively lower toward 44.80s. Focus into Thu's auction on response to 44.80s-45.20s. 

Wednesday's Live Blog Excerpt 
via The Daily