Weekend News 20Dec

 07-12Dec Auction


As noted in last week's analysis, focus on response to 57.30s-58.50s was key in this week's auction as price discovery occurred  to test the Major Structural Support Area, 53.50s-54s. Buying interest entered there, developing the Balance, 53.50s-59.50s. Focus into next week on continued development of the Balance with an eye on potential maturation which creates potential for directional activity. 




14-19Dec Auction

Central Banks

Geopolitics

Supply/Demand & Markets

  • Oil Decline Effects From Texas To North Dakota. (Bloomberg)