Monday's Auction
As noted in Mon's analysis, focus on
response to Mon's Sell Spike, 80s-78.60s, was key in Tue's auction as price
discovery lower continued, driving price toward the Daily 1st Std Dev Low
within the Jun-Jul 2012 Demand Cluster, 74.50s-78.20s. Focus on response to the
Buying Tail, 75.85s-76.25s, into Wed's auction. US EIA Wed.
Tuesday's Auction