20-25Jul Auction
As noted in
last week's analysis, focus on response to Key Structural Support,
101.50s-101s, was key in this week's auction as selling interest drove price
lower to challenge Major Structural Support at/near 98.50s, ultimately
achieving a Stopping Point Low, 97.08s, at/near the Weekly 2nd Std Dev Low
expectation.
27Jul-01Aug Auction
Graphics
- External Sovereign Defaults Since 1800. (Economist)
- PBOC Cuts Interventions. (Bloomberg)
Central Banks
- Europe's Bond Yields Lowest Since 15th Century Genoa. (Telegraph)
- BRICs Bank Will Not Solve Members' Energy Issues. (Oil Price)
Geopolitics
- Oil Majors Pivoting From Risky Countries. (Oil Price)
- IMF Warns China: Reform Or Face Hard Landing. (Telegraph)
- Exxon Bets On Russia As Rivals Stick To US Wells. (Bloomberg)
Supply/Demand & Markets
-
One Kurdish Tanker Off Texas Coast, Another Heads To US. (Bloomberg)
- Energy Trading Volumes. (Platts)