Tuesday's Auction
As noted in Tue's analysis, focus
on response to 91s-90.50s into Wed's auction was key as buying interest during
the Globex session drove price higher toward the Daily 1st Std Dev High through
mid-session. Selling interest emerged there, driving price below Tue's low
at/near Key Structural Support. A market
tale of two cities as Globex short covering led to Pit session selling. Focus
on response to 90.40s into Thu's auction. EU ECB Policy Guidance Thu.
Wednesday's Auction
Central Banks
- Can Russia Escape Dollar Dependence? (Benn Steil via Geo-Graphics)
- IMF's GFSR & Shadow Banking. (IMF)
Geopolitics
- 5 Types Of Russian Companies Targeted By Sanctions. (Global Risk Insights)
- Energy Still Contentious Issue Between West & Russia. (Global Risk Insights)
- Who Is Buying IS' Oil? (Oil Price)
Supply/Demand & Markets
 |
| Source: EIA (Oct 2014) |
-
EIA: +700k v -1.4mil exp. (EIA)
- CRB Commodity Index Worst Quarterly Loss In Three Years. (Reuters)
- Breakthrough In Oil Sands Water Treatment. (Oil Price)
- Saudis Cut Production. (Bloomberg)