Tuesday's Auction
via The Daily
As noted in Tue's analysis, focus into
Wed's auction on response to Tue's Key Structural Support, 47.15s, was key as
buying interest entered there, ultimately resulting in price discovery higher
despite the "bearish" EIA data narrative toward the Avg Daily Range
High. Focus on Buy Spike, 48.40s-49.45s, into Thu's auction.
Wednesday's Micro-Blog Excerpt
Wednesday's Micro-Blog Excerpt
via The Daily
Noted during Wed's auction
(Highlighted in yellow)
- Sellside momentum extreme reached early in NY auction at/near 47.35s.
- Responsive buy programs (RBP) enter at/near 47.45s-47.55s.
- Key Structural Support holds as a Structural Buying Tail, 47.40s-47.70s, develops, implying potential for price discovery higher.
- Buy programs at/near 48.05s. Ultimately, the market auctioned higher toward our Avg Daily Range High Expectation, 49.25s, to 49.46s.
