Monday's Auction
As noted in Mon's analysis, focus
on response to 90.40s into Tue's auction was key as buying interest drove price
higher during the Globex session. Aggressive selling emerged into the Pit
session resulting in a Buying Tail, 90.77s-91.24s, as buying interest drove
price higher toward the Avg Daily Range High after shaking out weak long
inventory. Focus into Wed's auction around response to 91.80s-92s. US EIA Wed.
Tuesday's Auction