Tuesday's Auction
Balance development continued in
Wed's auction around the 5 day POC as selling interest drove price lower toward
Key Structural Support, 96.80s. Buying interest emerged again, driving price
back toward the multi-day POC at/near 97.50s. Focus on response to 8day POC,
97.35, into Thu's auction.
Wednesday's Auction
Graphics
- Euro Bears Getting Maxed Out? (WSJ)
- Hydro Palnts & China's Energy Needs. (Frank Holmes via Value Walk)
Central Banks
- Fed Vice-Chair Fischer Hints At Untaper, Prepares Bail-In Proposal. (Gold Core)
- Renminbi As Reserve Currency. (John Zhu via Central Banking Journal)
- IMF on Global Recovery. (IMF via Asia Rising)
Geopolitics
- Geopolitics Of Russian Oil & Gas. (True Economics)
- Russian Banks Shrug Off Sanctions Threat To Capital Raising. (WSJ)
- Safest Investments In A Dangerous World. (Jim Rickards via Daily Reckoning)
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Source: EIA (Aug 2014) |
Supply/Demand & Markets
- API: +229k v -2mil exp. (Reuters)
- EIA: +1.4mil v-2.05mil exp. (EIA)
- Weakest Oil Demand Growth Since 2012 Sayeth IEA. (Bloomberg)