As of 730 CST,
the market has auctioned lower from Tue Settlement, 106.83s, following the Structural Selling Tail, 107s-106.80s, achieving the Stopping Point, 105.92s, ahead of the Pit session open.
Focus will be on response at the Globex low into the Pit session open. EIA pending….
Our daily statistical study plotting key reference levels/price for 12Aug & projected levels/ inferential analysis for 13Aug.
The daily range frequency table indicates the recent high % of days failing to achieve an Average Daily Range amplitude. Knowledge of this recent range compression informs decision making regarding narrower intraday potential in recent days.