28Sep-03Oct Auction
As noted in last week's analysis, focus on response to Prior Support/Breakdown Point, 89s-88s, for negation or confirmation was key in this week's auction as selling interest drove price lower, confirming the breakdown, achieving a Stopping Point, 83.59s, near Major Structural Support within the June 2012 Demand Cluster. Focus into next week's auction on response to Stopping Point Low and potential for Balance development.
05-10Oct Auction
Central Banks
- Fed's Inflation Target Still Elusive. (Bloomberg)
- Which First: Fed Funds Rate Hike Or QE4? (Value Walk)
Geopolitics
- Iran's Matches Saudi Oil Discounts. (Bloomberg)
- Who Is Standing Behind Declining Oil Prices? (Pravada)
- De-Dollarizing Of Russia Continues. (Zerohedge)
Supply/Demand & Markets
- Companies Tout Inflated Reserve Numbers To Public v Regulators. (Bloomberg)
- US Merchant Refiners Take Oil Trading In-House. (Reuters)
- Security Threats To Wall St And The Big Data Solutions. (Richard Clarke via Forbes)
- US Refineries Running Out Of Flexibility On Crude. (Reuters)