21-26Sep Auction
As noted in last week's analysis, focus on response to Low Usage Resistance, 94.80s-96.80s, overhead was key in this week's auction as selling interest emerged there, driving price aggressively lower breaking down below the Major Structural Support, 89.15s, toward the Weekly 2nd Std Dev Low. Focus on response to Prior Support/Breakdown Point for negation or confirmation into next week's auction.
28Sep-03Oct Auction
Central Banks
- Draghi Opening Statement. (ECB)
- EU's Uneven Banking Regulation. (Global Risk Insights)
Geopolitics
- Russian Oil Production Nears Record Amid Sanctions. (Bloomberg)
Supply/Demand & Markets
- Emerging Houston Crude Oil Hub. (Reuters)
- Saudis Cut Official Crude Oil Price In Battle For Market Share. (Reuters)
- Germany Replaces China As Largest Surplus Nation. (WSJ)