Monday's Auction
As noted in Mon's analysis, focus on
response to Key Resistance Area overhead, 75.90s-76.30s, was key in Tue's
auction as buying interest entered within the recent D shape distribution,
driving price toward Key Resistance overhead. Selling interest emerged there,
resulting in a failed breakout and long liquidation toward 74.25s resulted.
Focus on response to 74.23s into Wed's auction following Tue's Dec-Jan contract
roll completion.
Tuesday's Auction
