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 did play out as balance development early week gave way to buying interest in Tuesday's auction. Price discovery higher developed to 57.98s, near Sharedata's weekly first standard deviation higher target ahead of Friday's close, settling at 57.43s.
Sharedata Futures, Inc.
16-21 June 2019
This week's auction saw narrow, two-sided trade, 52.74s-51.58s, in Monday's auction near the