via The Daily
As noted in Tue's analysis, focus into
Wed's auction on response to Tue's unsecured High, 54.13s, was key as selling
interest emerged after the NY close, driving price lower into the NY auction.
Selling interest entered following the "bearish" EIA data, driving
price aggressively lower beyond the Daily 2nd Std Dev Low, the maximum daily
expectancy. Focus into Thu's auction on response to Wed's Sell Spike,
51.30s-50.40s.
Wednesday's Auction
via The Daily