Tuesday's Auction
As noted in Tue's analysis, focus on
response to 74.23s into Wed's auction was key as buying interest emerged there,
resulting in a Buying Tail, 74s-74.50s, and Balance above. Focus on response to
Wed's Buying Tail into Thu's auction.
Wednesday's Auction
Central Banks
- Russia Adds Gold As Sanctions Weaken Ruble. (Bloomberg)
- German Gold Repatriation From Then NY Fed. (Zerohedge)
- ECB Potential Unconventional Measures. (Bloomberg)
Geopolitics
- West's Mistake May Lead To New Cold War Says Kissinger. (RT)
- Shifting Borders, Boundaries, & Sovereignty. (IHS)
- Individual Property Rights v Eminent Domain In Keystone XL. (Washington Examiner)
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| Source: EIA (Nov 2014) |
Supply/Demand & Markets
- EIA: +2.6mil v -660k exp. (Platts)
- Oil Market Trapped In A Negative Bubble. (John Kemp via Reuters)
- Early Signs Of A Pullback In Drilling Activity. (Oil Price via Value Walk)