Thursday's Auction
As noted in Thu's analysis, focus on
response to Key Structural Resistance (Prior Breakdown Area), 76s-76.50s, was
key in Fri's auction as the Globex PBOC narrative drove price higher, achieving
the Stopping Point High at the Daily 1st Std Dev High. With the bulk of the
buyside auction developing during the Globex, a sellside response developed in
the Pit session in spite of the Structural Gap Higher open. Focus on response
to Prior Key Resistance/Breakout Point into Mon's auction.
Friday's Auction
