WTI 11Dec

Friday's Auction

via The Daily

As noted in Thu's analysis, the focus into Fri's auction on response to Key Structural Support,36.60s, was key as selling interest drove price lower toward the Avg Daily Range Low. Focus into Mon's auction on response to the Breakdown Point/Prior Support, 36.60s.

WTI Gap Lower Opens 
via The Daily

Friday's auction saw a Structural Gap Lower open. Based on the market generated data, this structure implied asymmetric potential for lower prices. The market ultimately traded toward the Avg Daily Range Low, consistent with market logic.

WTI 07Dec

Monday's Auction

via The Daily

As noted in Fri's analysis, the focus into Mon's auction on response to developing Balance, 39.60s-40.50s, was key as selling interest emerged, driving price lower toward the Daily 2nd Std Dev Low near Major Structural Support, 37s. Focus into Tue's auction on response to Mon's Unsecured Low, 37.50s.

WTI Gap Lower Opens 
via The Daily

Monday's auction saw a Structural Gap Lower open. Based on the market generated data, this structure implied asymmetric potential for lower prices. The market ultimately traded beyond the Daily 2nd Std Dev Low, near the Major Structural Support, 37.70s, consistent with market logic.

WTI 02Dec

Wednesday's Auction

via The Daily

As noted in Tue's analysis, the focus into Wed's auction on response to the Composite Cluster, 41.50s-42.30s, was key as selling interest emerged, driving price below the Cluster Low forming a Gap Lower open, resulting in long liquidation toward the Daily 2nd Std Dev Low. Focus into Thu's auction on the Breakdown Point/Prior Support, 40.30s, for confirmation/negation of the Sellside directional attempt.

WTI Gap Lower Opens 
via The Daily

Wednesday's auction saw a Structural Gap Lower open. Based on the market generated data, this structure implied asymmetric potential for lower prices. Although the EIA data release did cause an aggressive short covering inventory adjustment, the market ultimately traded toward the Daily 2nd Std Dev Low, consistent with market logic.  

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 24Aug

Monday's Auction

via The Daily

As noted in Fri's analysis, the focus into Mon's auction on response to 39.80s, Fri's Stopping Point Low was key as selling interest entered, driving price lower beyond the Daily 2nd Std Dev Low to 37.75s. Buying interest emerged, forming a Buying Tail, resulting in price discovery higher toward Key Resistance into the close. Focus into Tue's auction on response to Mons Selling Tail.   

WTI Gap Lower Opens

via The Daily

Monday's auction saw a structural Gap Lower open. Based on the market generated data, this market structure implied an asymmetric potential for lower prices. Price discovery lower developed beyond the Daily 2nd Std Dev Low.

WTI Crude Daily 03Aug

Monday's Auction

via The Daily

As noted in Fri's analysis, the focus into Mon's auction on response to Key Structural Stopping Point Area, 46.60s-47.10s, was key as selling interest entered there, driving price lower toward the Daily 1st Std Dev Low. Focus into Tue's auction on response to Mon's Sell Spike.

Monday's Live Blog Excerpt

via The Daily

WTI Gap Lower Opens

via The Daily

Monday'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 27Jul

Monday's Auction

via The Daily

As noted in Fri's analysis, the focus into Mon's auction on response to Fri's late auction Buying Tail, 47.70s-47.90s, was key as selling interest drove price lower through Fri's Buying Tail, achieving the Stopping Point, 47.20s,  before selling pressure continued following the Globex reopen. Focus into Tue's auction on response to Mon's Unsecured Low, 46.90s.

WTI Gap Lower Opens

via The Daily

Monday'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 46.90s in poorly facilitated summer trade.