Friday's Auction
via The Daily
As noted in Thu's analysis, the focus
into Fri's auction on response to Key Structural Support,36.60s, was key as
selling interest drove price lower toward the Avg Daily Range Low. Focus into
Mon's auction on response to the Breakdown Point/Prior Support, 36.60s.
WTI Gap Lower Opens
via The Daily
via The Daily
Friday'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 toward the Avg Daily Range Low, consistent with market logic.
