03-08Aug Auction
As noted in last week's analysis, focus on response to
Balance Area edges, 98.75s/96.55s, was key in this week's auction as selling
interest drove price below Major Structural Support, 96.50s toward Jan Support,
95s. Buying interest emerged, driving price aggressively higher back into prior
Balance during Fri's auction. Focus on response to last week's Breakdown Level, 96.50s, for confirmation or
negation of the Sellside Auction into this week's auction. 
Central Banks
- Fed Vice-Chair Stanley Fischer Speaks On The Great Recession & Bail-Ins. (Federal Reserve)
Supply/Demand & Markets
- Oil Market Well Supplied Despite Conflicts Sayeth IEA. (Reuters)
- Petrobras Linked Money Laundering Probe Spreads To Banks. (Bloomberg)
- Output From US Oil & Gas Plays Continue To Leapfrog. (Platts)