Wednesday's Auction
As noted in Wed's analysis, focus
on response to Wed's Structural Buying Tail from 80s and Key Support, 81s, was
key in Thu's auction as buying interest emerged at Major Structural Support
following minor range extension lower. Price discovery higher continued the
remainder of the session despite the "bearish" EIA data toward the
Daily 2nd Std Dev High, encountering selling excess there. Focus on response to
Selling Tail, 84.80s-83.25s, into Fri's auction.
Thursday's Auction
