Monday's Auction
via The Daily
As noted in Fri's analysis, the focus
into Mon's auction on response to Fri's Sell Spike, 56.25s-55.50s, was key as
selling interest drove price lower toward the Mar-Apr Breakout Area, 52.50s.
Focus into Tue's auction on response to Mon's Unsecured Low, 52.42s, within
context of Daily Value lower amidst an intermediate term Sellside Breakdown.
WTI Gap Lower Opens
via The Daily
Monday's auction saw a structural Gap Lower open. Based on the market generated data, this market structure implied an asymmetric potential for lower prices. Price discovery lower developed toward the Mar-Apr Buyside Structural Breakout Area, 52.50s.