Monday's Auction
As noted in Fri's analysis, the focus
into Mon's auction on response to Key Overhead Supply Cluster, 59.80s-59.40s,
was key as selling interest emerged early in the Asia auction, ultimately
driving price lower toward the Avg Daily Range Low within the context of Daily
Value Lower and an Unsecured Low. Focus into Tue's auction on response to Key
Breakdown Area/Prior Support, 58.70s, for confirmation/negation of Mon's
Sellside Directional Attempt.