Tuesday's Auction
As noted in Tue's analysis, focus
on response to 81.30s within 2013's
Major Structural Support, 80s-82s was key in Wed's auction as selling interest
drove price below Key Structural Support, 81.30s, encountering buying interest
and a Structural Buying Tail from 80s. Focus on response to 81s into Thu's
auction. US EIA Thu.
Wednesday's Auction
Central Banks
- Banks & Interest Rate Apartheid Leave Savers Needing Fourfold Rate Rise. (Telegraph)
- A Closer Look At The Euroglut. (Validus)
Geopolitics
- Black Gold Deficits. (Economist)
- Saudis Say Privately Comfortable With Lower Prices. (Reuters)
- Iran Now Also "Comfortable" With Lower Oil Prices. (Reuters)
Supply/Demand & Markets
- IEA Revises World Oil Demand Lower. (Reuters)
-
As Oil Price Declines, Balance Sheets Squeeze. (Platts)
- Wall St. Earnings. (Bianco Research via FuW)