Monday's Auction
via The Daily
As noted in Fri's analysis, the focus
into Mon's auction on response to developing Balance, 39.60s-40.50s, was key as
selling interest emerged, driving price lower toward the Daily 2nd Std Dev Low
near Major Structural Support, 37s. Focus into Tue's auction on response to
Mon's Unsecured Low, 37.50s.
WTI Gap Lower Opens
via The Daily
via The Daily
Monday's
auction saw a Structural Gap Lower open. Based on the market generated
data, this structure implied asymmetric potential for lower prices. The market ultimately traded beyond the Daily 2nd
Std Dev Low, near the Major Structural Support, 37.70s, consistent with market logic.
