Monday's Auction
via The Daily
As noted in Fri's analysis, the focus
into Mon's auction on response to 39.80s, Fri's Stopping Point Low was key as
selling interest entered, driving price lower beyond the Daily 2nd Std Dev Low
to 37.75s. Buying interest emerged, forming a Buying Tail, resulting in price
discovery higher toward Key Resistance into the close. Focus into Tue's auction
on response to Mons Selling Tail.
WTI Gap Lower Opens
via The Daily
Monday's
auction saw a structural Gap Lower open. Based on the market generated
data, this market structure implied an asymmetric potential for lower
prices. Price discovery lower developed beyond the Daily 2nd Std Dev Low.