05-10Oct Auction
As noted in last week's analysis, focus on response to the potential Stopping Point Low, 83.55s, was key in this week's
auction as Balance development occurred early week before selling interest
drove price lower, achieving a Stopping Point, 80s, near the Weekly 2nd Std Dev
Low and Jun 2012 Major Demand Cluster. Focus into next week's auction on
response to Major Structural Demand, 80s-77s.
12-17Oct Auction
Central Banks
- QE4? (Zerohedge)
- How Much Gold Is On Loan Worldwide? (Dan Popescu via Gold Broker)
- ECB Fears Deflation Whilst The People Fear Inflation. (Zerohedge)
Geopolitics
- Oil Market Mightier Than OPEC. (Reuters)
- US Shale Breakeven Point: Unclear. (Bloomberg)
Supply/Demand & Markets
-
EIA: 8.9mil v 2.5mil exp. (Platts)
- Macro Hedge Funds Go Long USDollar, Short Energy Equities, Sayeth Sterne Agee. (Value Walk)
- Energy Sector "Crashes". (Bespoke)
- 52 Week Lows In Energy Sector Exceed 42%. (Bespoke)