Tuesday's Auction
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| Gap Higher Opens via Daily Statistical Levels Study |
As noted in Tue's analysis, focus on response to developing POC, 81s, within the Key Trade Cluster, 80.40s-81.70s, was key in Wed's auction as buying interest drove price higher from the POC, 81s, to 82.90s, within the upper quadrant of the longer term Balance, 79s-84s. Focus on response to the FOMC Buying Tail, 82s- 81.70s, into Thu's auction.
Wednesday's Auction
Central Banks
- Fed Ends QE3, Maintains Low Rate Bias. (Federal Reserve)
- Fed's Dual Mandate Tracker Affirms Taper Timing. (Geo-Graphics via CFR)
Geopolitics
- Sanctions Bind Russia's Energy Elite To Putin. (Reuters)
- History Of Controls On US Oil Exports. (Reuters)
Supply/Demand & Markets
- 2mil v 3.3mil exp. (Platts)
- Goldman's Take On Crude. (Value Walk)
- Natural Gas: The New Gold. (Rabah Arezki via IMF)