Thursday's Auction
via The Daily
As noted in Thu's analysis, focus on
response to 46.80s-47.15s into Fri's auction was key as initiative sell
programs drove price below Key Support, developing a Gap Lower open, ultimately
driving price lower toward the Daily 1st Std Dev Low as Apr-May contract roll
developed. Focus on response to 44.80s-45.40s, into Mon's auction.
Friday's Micro-Blog Excerpt
via The Daily
Noted here in Fri's auction
(highlighted in yellow):
- Our Structural Signal Database Study regarding Gap Lower Opens.
- Selling interest early in the NY auction at/near 46.20s-46.15s.
- Narrow, constricted VWAP trade before initiative sell programs (ISP) entered at/near 46.10s-46.05s and expectation for price discovery lower.
- Key Downside Reference Levels 45.27s, 44.62s. Ultimately, the market auctioned to 44.80s, near our Daily 1st Std Dev Low expectation.
Friday's Auction
via The Daily
