Thursday's Auction
As
noted in Thu's analysis, focus on response to the undefined Support Area, 74s,
within the Jun-Jul 2012 Demand Cluster was key in Fri's auction as selling
interest drove price lower toward 73.20s before buying interest emerged driving
price aggressively higher toward 76.30s in short covering inventory adjustment
ahead of the week's end. Focus on response to Key Structural Breakdown Area,
75.90s-76.30s into Mon's auction for confirmation or negation of this week's
Structural Breakdown.
Friday's Auction
