As of 700 CST,
the market has auctioned lower from Fri Settlement, 94.85s, achieving a Stopping Point Low, 93.29s, at/near the Daily 1st Std Dev Low following the weekend geopolitical development regarding P5+1 treaty with Iran.
The market is poised to open Gap Lower, implying structural imbalance as the market challenges Major Structural Support, 92.50s-93.20s. Focus on response at/near Major Structural Support into Pit session. Gap rules apply….
As of 730 CST,
the market auctioned lower from Thu Settlement, 95.44s, following yesterday’s double distribution trend structure and buyside breakout above Balance.
The market balanced, 95.30s-95s, during most of the Globex session in listless VWAP algo trade. Focus on response to Balance High, 95.60s, into Pit session.
Our daily statistical levels study plotting key reference levels/price for 20Nov & projected levels/inferential analysis for 21Nov.
Following Wed’s retest of the Key Structural Support, 93.20s, and formation of another Structural Buying Tail, 93.25s-93.60s, buyside programs drove price out of balance in a buyside directional phase achieving the Stopping Point High, 95.63s, near the Daily 1st Std Dev High.
Knowledge of the Structural development of a multi-day Balance phase following the Structural Stopping Point Low informed our subscribers of the potential buyside inventory adjustment in the event the referenced Buying Tails held as support. As inferred, the 93.50s held as support, resulting in a buyside directional phase, stopping at/near the Daily 1st Std Dev High, the probability of which was illustrated in the frequency table, in congruence with the market structure.
Holistic analysis based on the market generated data and probability logic.
Interested in what to look for into Mon’s session?