Monday's Auction
The market encountered selling
interest at/near Mon's high in Tue's auction, resulting in rotation lower
toward the Daily 1st Std Dev Low and Major Structural Support, 83.60s within
the developing Balance range. Selling interest entered at the Major Structural
Support on the OPEC price cut narratives, driving price aggressively lower
toward 81.80s, the Apr 2013 Demand Cluster. Focus into Wed's auction on
response to 81.30s at/near 2013's Major
Structural Support, 80s-82s.
Tuesday's Auction
