Friday's Auction
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| WTI Gap Lower Opens |
As noted in Fri's analysis, focus
on response to 96s, was key into Tue's post holiday auction as shakeout of weak
long inventory/long liquidation occurred back to Major Structural Support.
Tue's Gap Lower Open indicated asymmetric potential for price discovery lower
based on the market generated data. Focus on response to Major Structural
Support Area, 93s, into Wed's auction.
Mon-Tuesday's Auction
