As of 730CST, the market is balancing within yesterday's upper cluster (95.20s-95.90s), below yesterday's Settlement, overnight inventory neutral.
Yesterday's auction serves as an illustration of the fact that the longer term participant
(in this case buyside) always dominates the short term
participant (in this case the sellside).
Following yesterday's double distribution trend structure, the upper cluster edges (95.20s-95.90s) will be worth focus for today's session. |