Tuesday's Auction
 |
| WTI NY Session Selling Tails |
As noted in Tue's analysis, focus
on response to Major Structural Support Area, 93s, was key into Wed's auction
as buying interest re-emerged at Major Structural Support, driving price
aggressively higher through the current unfolding Balance area, 93s-96.25s.
Focus on response to the Selling Tail into Thu's auction. EU ECB & US EIA
Thu.
Wednesday's Auction
Graphics
- US Monthly Inflation, 1872-Present. (FuW)
- Gold D shape Structure Near Completion. (Just Joe Charts via CQG)
Central Banks
- Draghi Opening Statement. (ECB)
- Ecuador Set To Be First Country To Issue Digital Currency. (South China Sea Post)
- RBA Holds Rates Steady, No Hint Of Change. (Guardian)
Geopolitics
- EU To Decide On More Energy Sanctions This Week, Sayeth Merkel. (Platts)
- Europe Drafts Emergency Energy Plan With Eye On Russia Gas Shut-Down. (Irish Times)
Supply/Demand & Markets
-
API: -545k. (Reuters)
- Central European PMIs Point To Slowdown As Russian Sanctions Hit Sentiment. (Reuters)