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home / news releases / NRGZ - WTI Weekly: Price Discovery Higher To Key Resistance Where Selling Interest Re-Emerged


NRGZ - WTI Weekly: Price Discovery Higher To Key Resistance Where Selling Interest Re-Emerged

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action.

As noted in last week's WTI Weekly, the primary expectation for this week was for price discovery higher. This expectation played out, albeit modestly, as price discovery higher developed to 57.13s within key supply into Wednesday's trade. Buying interest trapped there amidst structural sell excess, halting the buy-side sequence, driving price lower to 54.85s ahead of Friday's auction, settling at 53.80s.

Sharedata Futures, Inc.

18-23 August 2019

This week's auction saw sellers trap, 55.02s/55.10s, in Monday's

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Stock Information

Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
Stock Symbol: NRGZ
Market: NYSE

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