Tuesday's Auction
As noted in Tue's analysis, focus on
response to Support, 77.40s-77.60s, was key in
Wed's auction as two-sided responsive trade developed there. Focus on
response to the POC at/near 77.30s within the 02-12Nov Composite Trade Cluster,
77.60s-77s, into Thu's auction. US EIA Thu.
Wednesday's Auction
Central Banks
- End Of QE Is Not The End of Bad Policy. (Mises Institute)
- Doves As % Of Voting Members. (Guggenheim Partners via FuW)
Geopolitics
- The $9bil Witness. (Matt Taibbi via Rolling Stone)
- Putin And The SGO. (Marin Katusa via Casey Research)
- Oil Price Slide Threatens Energy Subsidies In Arab Gulf States. (The National)
Supply/Demand & Markets
-
OPEC's Choice: Pricing Power Or Sales In "New Oil Order". (Bloomberg)
-
China Commodity Imports Don't Fit Soft Economic Narrative. (Reuters)
- OPEC Sees Its Oil Market Share Shrinking As Shale Grows. (Reuters)
- Continental Scraps Hedges. (Reuters)