Thursday's Auction
via The Daily
As noted in Thu's analysis, focus on
response to the unsecured low area, 58.80s-60s, was key in Fri's auction as
selling interest drove price lower from there. Globex balance ultimately gave
way to a Sell Spike, 59.10s-58.40s, resulting in price discovery lower toward
the Daily 2nd Std Dev Low. Focus on response to 58.50s-57.40s, into Mon's
auction.
Friday's Micro-Blog Excerpt
via The Daily
Noted here during Friday's auction was the auction to the Globex Low, looking for the initiative sellside there. The sellside appeared driving price lower, forming a Structural Sell Spike, 59.10s-58.40s, implying the potential for price discovery lower. Noted are the key reference levels based on our database. Ultimately, the market auctioned lower toward the Daily 2nd Std Dev Low before the halting of the sellside auction occurred.
Friday's Auction
via The Daily
