Monday's Auction
via The Daily
As noted in Mon's analysis, focus on
47.50s-47s in Tue's auction as price discovery probed the Key Structural
Support, 47.50s, toward last week's POC, 47.30s. Buying interest emerged there,
developing Balance into the close. Focus remains on response to Key Structural
Demand Cluster, 47.30s-48.70s, into Wed's auction.
Tuesday's Micro-Blog Excerpts
Tuesday's Micro-Blog Excerpts
via The Daily
Noted here during Tue's auction
(Highlighted in yellow)
- Following price discovery below Mon's Selling Tail (49.15s-48.90s) to Mon's Low (47.60s), the market exhibited a Delta-Price Divergence at this Key Support. The implication of a Sellside failure there implied potential for price discovery higher.
- Responsive buy programs (RBP) entered upon the retest of the Globex Low, 47.30s.
- Buying interest drove price back toward the NY High where initiative buy programs (IBP) entered at/near 48.05s, implying the potential for price discovery higher.
- Key upside reference levels included Mon's Sell Program Resistance, 48.60s. Ultimately, the market auctioned toward that level into the end of the NY auction.
