Friday's Auction
As noted in Fri's analysis, focus
on response to key demand area, 93.40s-92.60s, was key into Mon's auction as
price discovery lower from 92.50s following the Gap Lower open. Buying interest
emerged at/near the Daily 1st Std Dev Low, resulting in a Structural False
Breakdown as buying interest drove price back above 92.50s into the Pit session
close and Globex reopen. Focus on response to Key Overhead Supply,
93.10s-93.60s, into Tue's auction for negation or confirmation of Mon's
breakdown.
Monday's Auction
