via The Daily
As noted in Mon's analysis, focus on
response to Key Demand Cluster, 51.50s-52s, was key in Tue's auction as buying
interest drove price higher toward the Avg Daily Range High. Focus on response to 53.70s into
Wed's Auction.
via The Daily
Noted here during Tue's auction
(highlighted in yellow)
- Buying interest emerged at/near 52.50s amidst a new Net High in Buyside Delta.
- Initiative buy programs (IBP) entered at/near 52.80s-52.85s, implying potential for price discovery higher.
- Key upside reference levels including our Avg Daily Range High Expectation, 53.76s. Ultimately, the market auctioned toward the Avg Daily Range High.