Monday's Auction
via The Daily
As noted in Fri's analysis, the focus
into Mon's auction on response near the Composite POC, 45.20s-44.90s, was key
as buying interest drove price higher toward 47s. Focus into Tue's auction on
response to Key Structural Resistance, 47.10s.
WTI Gap Higher Opens
via The Daily
via The Daily
Monday's
auction saw a structural Gap Higher open. Based on the market generated
data, this market structure implied asymmetric potential for higher
prices. The market ultimately saw price discovery lower toward the Avg Daily Range High at/near Key Structural Resistance.