Overnight:
As of 730 CST,
the market has auctioned above Tue Settlement, 93.13s, following Tue's +2Std Dev directional phase, as the market seeks a Balance phase, 92.85s-93.50s.
Focus on response at potential Balance High area, 93.50s, into Pit session.
Our daily statistical study plotting key reference levels/price for 11Nov & projected levels/inferential analysis for 12Nov.
Result?...
Following further development around the Key Structural POC, 94.50s, sell programs entered, driving price lower as long liquidation resulted in achieving the Stopping Point, 92.83s, at/near the Daily 2nd Std Dev Low, as inferred by the statistical levels & inferential analysis.
Knowledge of the Structural Significance of the 94.50s (the Weekly POC) and the implications of either buyside or sellside failure at that level informed our subscribers of potential destinations in congruence with the market structure. In this case, short positions toward Statistical Support Expectations (93.83s,93.38s,92.93s) offered asymmetrical opportunity upon failure of 94.50s to hold as support.
Holistic analysis based on the market generated data and probability logic.
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