Tuesday's Auction
via The Daily
As noted in Tue's analysis, focus on
response to the low amidst the current Trade Cluster, 53.60s-57.15s, was key in
Wed's auction as buying interest emerged near Key Structural Support, as short
covering inventory adjustment occurred amidst the beginning of the Balance
phase of market development. Focus on response to Wed's Breakout Area/Low Usage
Support, 56.80s-57.40s into Thu's auction.
Wednesday's Auction
via The Daily
Central Banks
- FOMC Statement. (Federal Reserve)
- Everyone Wrong About End Of QE? (Lance Roberts via Street Talk Live)
Geopolitics
- Saudi Oil Minister Outlines Strategy. (Saudi Press Agency)
- US Oil Export Debate. (Platts)
- Chancellor Merkel Won't Let Ukraine Get In The Way Of Business With Russia. (Marin Katusa via Casey Research)
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| Source: EIA (Dec 2014) |
Supply/Demand & Markets
-
EIA: -800k v -2.6mil exp. (EIA)
- Oil Prices Unsustainably Low. (John Kemp via Reuters)