Thursday's Auction
via The Daily
As noted in Wed's analysis, the focus
into Thu's auction on response to Wed's Unsecured Low, 51.36s, was key as the
market rallied above 51.36s during the Globex auction toward 52.17s, near Wed's
Sell Program Resistance. Selling interest entered there, developing Balance,
52.10s-51.10s, for the remainder of the session, within the context of Daily
Value Overlapping Lower. Focus into
Fri's auction on response to Thu's Sell Spike (51.60s-51.25s In Sep contract).