23-28Nov Auction
As noted in
last week's analysis, the Thanksgiving week auction had the structural
appearance of buyside capitulation. This continued early this week as price
discovery lower continued, finally achieving a Structural Stopping Point Low,
63.70s. Aggressive short covering then ensued and Balance development began as
market logic would dictate. Focus on response to the last week's Low Usage,
64s-67.50s, as the expectation for development of Balance, 63.70s-69.50s,
continues.
30Nov-05Dec Auction
Central Banks
- What's Next For The USDollar And Gold? (Axel Merk via Moneynews)
Geopolitics
- OPEC's Demise Has Been Much Exaggerated. (John Kemp via Reuters)
- IS: The Business Of The Caliph. (Die Zeit)
Supply/Demand & Markets
- Math Behind Oil Prices. (Urban Carmel via Financial Sense)
- Oil Market Meets Minsky. (Marc Chandler via Financial Sense)