Wednesday's Auction
- Sell Excess, 20.94s-20.50s, Developed Following The Globex Re-Open As Price Discovery Lower Ensued Through Key Resistance, 20.40s, To 20s Into The Asia Auction. Low Volume Buying Interest Emerged There, Driving Price Higher To 20.80s Where Sell Excess Formed As Buyers Trapped. Price Discovery Lower Developed To 20.03s As Sellers Trapped Into The London Auction. Balance Then Continued, 20.03s-20.80s, Into The NY Open.
- A Sellside Breakdown Attempt Developed To 19.90s Early In The NY Auction. Buying Interest Emerged There Amidst Buy Excess, Driving Price Aggressively Higher As The Breakdown Failed Through The EIA Release (+13.8mil v +3.99mil exp). Balance Developed, 20.70s-20.05s, Before A Buy Spike Formed, 20.65s-21.11s, Into The NY Close....
