26-31Oct Auction
As noted in last week's analysis, focus on response at the POC, 81s, and Balance Edges was key in this week's auction as selling interest emerged at/near 81s, driving price lower in a Sellside Structural Breakdown below Major Structural Support, 79.50s. Focus on response to Stopping Point Low, 75.85s, for continuation of the sellside auction or development of Balance.
02-07Nov Auction
Central Banks
- Trichet Letter Revealed: ECB Threatened To Stop Emergency Funding Unless Ireland Took Bailout(in). (Irish Times)
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The Fed, LTCM, & General Equilibrium Models. (Jim Rickards via Sprott)
Geopolitics
- IS Looks To Mediterranean To Continue Oil Operations. (Oil Price)
- Don't Rule Out OPEC Cut, Sayeth Punditry. (Reuters)
- Oil & The US Elections. (Platts)
Supply/Demand & Markets
- US Oil Patch Still "Klondike" For World's Biggest Traders. (Reuters)
- UK Losing One Of Its Seven Refineries. (Telegraph)