Monday's Auction
via The Daily
As noted in Fri's analysis, the focus
into Mon's auction on response to the longer term POC, 52.80s within the
current Trade Cluster, 52.60s-53.40s, was key as selling interest emerged there
during Globex, driving price lower to the Avg Daily Range Low before buying
interest, drove price higher toward 53s. Focus into Tue's auction on response
to Key Structural Support, 51.50s-50.30s, following the reported Iranian nuclear treaty agreement.