Monday's Auction
via The Daily
As noted in Mon's analysis, focus into
Tue's auction on response to Mon's Unsecured High, 52.25s, was key as price
discovery higher continued toward the Daily 1st Std Dev High, 54.13s. Focus
into Wed's auction on response to Tue's unsecured High, 54.13s.
Tuesday's Micro-Blog Excerpt
Tuesday's Micro-Blog Excerpt
via The Daily
Noted here during Tue's NY auction
(highlighted in yellow)
- Following the Globex sellside auction to 51.27s, stops were cleared in early in the NY auction below the Globex Low where responsive buying interest absorbed Supply.
- Short covering developed off the Globex Low, encountering no new selling activity following the uptick.
- Initiative buy programs (IBP) entered at/near 51.65s, implying the potential for price discovery higher.
- Key upside reference levels included the 53s (Overhead Low Usage Resistance). The market traded to 53s before ultimately driving price higher to 54.13s, toward our Daily 1st Std Dev High Expectation.
