Monday's Auction
via The Daily
As noted in Mon's analysis, focus on
response to Mon's undefined support, 45.90s, was key in Tue's auction as
selling interest emerged, driving price lower toward the Avg Daily Range Low
where responsive buy programs entered, developing Balance before initiative buy
programs entered, driving price higher toward the 46.18s in short covering
inventory adjustment. Focus on response to Balance, 46.20s-45.10s, into Wed's
auction.
Tuesday's Micro-Blog Excerpt
via The Daily
Noted here is the inferential analysis ahead of the NY open that states that should the buyside emerge at/near 45s, expectation would be for price discovery higher toward the reference levels stated. The initiative buy programs (ISP) were noted entering at/near 45s. The market ultimately auctioned higher to 46.20s at/near Mon's Lower HVN.
Tuesday's Auction
