11-15Aug Auction
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| Weekly Range Study |
As noted in last week's analysis, focus on response to
last week's Breakdown Level, 95s, for
confirmation or negation of the Sellside Auction was key as selling interest emerged there's
resulting in continued price discovery lower in this week's auction, achieving
a new Structural Stopping Point Low, 92.50s, near Jan 2014's Lower POC.
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| Jan-Feb 2014 Auction |
This week's Structural Selling
Tail, 95.25s-94.75s, and response there will be of focus into next week's
auction as potential for development of Balance, 92.50s-96.50s, exists,
consistent with the phases of market development.
Graphics
- US LNG Projects. (EIA)
- Kein Fluchtweg. (FuW)
Central Banks
- Chair Yellen's Speech At Jackson Hole. (Federal Reserve)
- Draghi's Preperared Remarks At Jackson Hole. (ECB)
Geopolitics
- Oil Companies Turn Away From Middle East. (Oil Price)
- FT Attributes Lower Brent Prices To Russia. (FT)
- Japan Fears Hit To Russian Energy Development. (WSJ)
- G20 Edges Closer To Bond Bail-In Cushion For TBTF Banks. (Reuters)
- The US Policing Of Global Finance. (Telegraph)
Supply/Demand & Markets
- 5 Regions Where IOCs Are Chasing Production. (Oil Price)
- Iraqi Kurds Expecting Quadrupling Of Oil Exports. (Bloomberg)