16-21Nov Auction
As noted in
last week's analysis, focus on response to 76-76.50s for acceptance or negation
of buyside breakout was key in this week's auction as selling interest entered
there, driving price to Major Structural Support, 73.25s, where new selling
entered, exacerbated by the OPEC narrative driving price toward 66s in buyside
capitulation and long liquidation.
23-28Nov Auction
Central Banks
- Bloomberg's Algo-Writers Serve the Cult Of Keynesian Central Banking. (Stealflation)
- ECB Policy Guidance Thu. (WSJ)
Geopolitics
- Inside OPEC Meeting, Naimi Declares Price War On US Shale. (Reuters)
- World Oil Transit Chokepoints. (EIA)
Supply/Demand & Markets
- Oil Market Reveals Wild Side. (John Kemp via Reuters)
- Oil Market Faces Major Change, Sayeth Rosneft CEO. (RT)
- Oversupply In Global Crude Vastly Overstated Sayeth Morgan Stanley. (Telegraph)