13-18Aug Auction
As noted in last week's analysis, focus on response to Key Overhead Resistance/Supply, 103s-104s, was key this week as selling interest emerged at/near the Apr-Jul Composite POC as Balance developed, 103.50s-101.50s, following last week's short covering rally. Friday's auction saw development of a Daily Structural Buying Tail, 101s-101.50s.
20-25Aug Auction
Graphics
- OPEC Revenues. (EIA)
- USDollar Index. (Bespoke)
- Natural Gas Coiling For A Breakout. (Just Joe Charts via CQG)
Central Banks
- "Ctrl +P" Concludes IMF. (IMF)
- FOMC Tenures. (WSJ)
- Low Inflation Abounds, Sayeth St. Louis Fed. (St. Louis Fed)
Geopolitics
- Russian Ties & Trade Lie Behind EU Sanctions Rift. (Reuters)
- Hard Lessons From China Cyber Espionage. (Intel Threat)
- Van Rompuy Green Lights Further EU Sanctions On Russian Oil Sector. (Zerohedge)
- Rosneft Prepares Plan To Fight Sanctions. (Bloomberg)
Supply/Demand & Markets
- Oil Volatility Down Because "Engineers" Won, Sayeth Goldman. (Value Walk)
- China's H1 2014 Apparent Oil Demand Up On Year. (Platts)