Tuesday's Auction
As noted in Tue's analysis, focus
into Wed's auction around response to 91.80s-92s was key as Tue's Buying Tail,
90.75s-91.25s, held as support, implying the potential for price discovery
higher. This probability path did unfold toward the Avg Daily Range High
expectation. Focus on response to Key Structural Resistance/Low Usage,
93s-93.40s, into Thu's auction.
Wednesday's Auction
Central Banks
- 150 Years Of Global Monetary Policy. (Goldman Sachs via Zerohedge)
Geopolitics
- OPEC Supply Decisions Began & End With Saudis. (Platts)
- The PetroYuan: Chinese Navy Docks Destroyer In Iran's Strait Of Hormuz Port. (Zerohedge)
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| Source: EIA (Sep 2013) |
Supply/Demand & Markets
- EIA: -4.3mil v +1mil exp. (EIA)
- New Crude Game Erodes Luster Of Citgo Refineries. (Reuters)