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 lower. This expectation did not play out as key demand was tested and held into Tuesday's auction. Price discovery higher then developed through mid-week to 57.76s within key supply ahead of Friday's auction, settling at 56.52s.
Sharedata Futures, Inc.
02-06 September 2019
This week's auction saw balance development, 55.24s-54.34s, in Monday's auction around last week's settlement. Price discovery lower