Weekend News 15Jun

The market auctioned lower early week from last week's Settlement, 96.05s, achieving the Stopping Point, 94.05s, at/near the Wkly 1st Std Dev Low. Following a Structural Buying Tail at the low, initiated buying drove price higher through midweek achieving a Stopping Point at the 97s.

 Following the Stopping Point & Balance, 97s-96.40s, initiated buying entered, driving price higher, achieving the Stopping Point, 98.25s, at/near the Wkly 1st Std Dev High. The market balanced, closing the week at/near 97.85s. 

Graphics

Central Banks

  • Emerging Market Crunch May Cause Fed Pause. (Reuters)
  • Brazil Fights Currency War With Derivatives, Now Losing Reserves. (Telegraph)

Geopolitics

  • US To Give Military Aid To Syrian Rebels. (RT)
  • Maneuver In "The Commons". (Diplomat)
  • Egypt Cuts Relations With Syria. (AP)
  • Cyberwar, US-China Theater. (RT)
  • Hassan Rowhani Wins Iran Election. (AP)

Supply/Demand & Markets

  • US Oil Production Rose On Shale, Sayeth BP. (Bloomberg)
  • Oil By Rail Suffers First Slowdown. (Reuters)
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