Monday's Auction
via The Daily
As noted in Mon's analysis, focus on
response to Key Supply Cluster, 47s-47.50s, was key in Tue's auction as Globex buying interest
drove price higher, achieving a Stopping Point High at/near 48.60s. Responsive
sell programs enteed, developing Balance within the Prior Key Supply Cluster,
47s-47.50s. Focus into Wed's auction on response to Tue's Key Structural
Support, 47.15s, an unsecured low.
Tuesday's Micro-Blog Excerpt
Tuesday's Micro-Blog Excerpt
via The Daily
Noted here during Tue's auction
(highlighted in yellow)
- Following the development of the NY auction Selling Tail, 48.50s-48s, responsive selling interest re-emerged at/near 48s with the Low unsecured.
- Initiative sell programs (ISP) entered at/near 47.35s, implying potential for price discovery lower.
- Key downside reference levels included Globex Buy Program Support, 47.20s.
- Ultimately, the market auctioned lower to 47.15s in minor range extension.
