USOI - WTI Weekly: Balance Early Week Before Buying Interest Drove Price To 60.94s Challenging The June High
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action.
The primary expectation for this week was for price discovery lower. This expectation did not play out as buying interest emerged early week within balance above last week’s pullback low. Price discovery higher then developed through mid-week, achieving the stopping point high, 60.94s, near Sharedata’s average weekly high target ahead of Friday’s auction, settling at 60.21s.
Sharedata Futures, Inc.
07-12 July 2019
This week’s auction saw balance trade develop in Monday through Tuesday’s auctions above last week’s