Tuesday's Auction
via Daily Statistical Levels Study
As noted in Tue's analysis, response to 88.75s was key in Wed's auction as price discovery lower continued toward the developing Balance Low, 88.10s. Selling interest emerged there, driving price lower in a Structural Breakdown Attempt. Focus into Thu's auction on response at/near 88s, for confirmation or negation of the breakdown.
As noted in Tue's analysis, response to 88.75s was key in Wed's auction as price discovery lower continued toward the developing Balance Low, 88.10s. Selling interest emerged there, driving price lower in a Structural Breakdown Attempt. Focus into Thu's auction on response at/near 88s, for confirmation or negation of the breakdown.
Wednesday's Auction
Central Banks
- History Of World's Major Currencies. (Bullion Magazine)
- Global Sovereign Risk According To Blackrock. (Blackrock)
- FOMC Minutes. (Federal Reserve)
Geopolitics
- SWIFT Regrets Pressure To Disconnect Russia & Israel. (Swift)
- Keystone Be Darned: Canada Finds Oil Route Around POTUS. (Bloomberg)
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| Source: EIA (Oct 2014) |
- China & The 2015 SDR Recomposition. (USA Today)
Supply/Demand & Markets
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EIA: +5mil v +2.1mil exp. (Platts)
- New Dawn Of Oil "Abundance" Seen. (Reuters)