Wednesday's Auction
via The Daily
As noted in Wed's analysis, focus on Buy
Spike, 48.40s-49.45s, into Thu's auction was key as buying interest emerged
within the Buy Spike on geopolitical narrative, driving price higher beyond the
Daily 2nd Std Dev High, ultimately developing value higher. Focus into Fri's
auction on response to the Key Overhead Supply Cluster, 52s-50.80s.
Thursday's Micro-Blog Excerpt II
Thursday's Micro-Blog Excerpt I
via The Daily
Noted here during Thu's auction
(highlighted in yellow)
- Filling in of the early Buying Tail, implying potential for price discovery below 50.10s.
- Key downside reference levels including the Globex Buy Program Support, 49.80s.
- Sellside momentum extreme developing into the 49.80s.
Thursday's Micro-Blog Excerpt II
via The Daily
Noted here during Thu's auction
(highlighted in yellow)
- Following development of the sellside momentum low at/near 49.80s, buying interest emerges at/near Globex Buy Program Support, 49.80s, as the NY auction developed a D shape structure, implying the potential for directional activity.
- Initiative buy programs (IBP) entered at/near 50.45s-50.50s as price discovery higher unfolded toward 15.65s.
Thursday's Auction
via The Daily