15-20Mar Auction
Despite bearish market punditry and media reportage, the market structure reflected a Stopping Point Low at/near 43s around 13Jan 2015. The Stopping Point Low was followed by the next (and current) phase of market development, Balance, 43s-55s, as the market develops a D shape, Gaussian structure and well articulated POC, 49.20s. These structural facts (which we've noted to clients during Jan-Mar timeframe) reflect the maturing of the rotation and increasing potential for directional activity on breakout above/below 60s/43s.
Analysis of market structure provides a robust and elegant framework for market understanding amidst a complex system and a variety of conflicting narratives.
For additional information, join us via The Daily.
For additional information, join us via The Daily.
22-27Mar Auction
via The Daily
Central Banks
- Six Flaws In The Fed's Model. (Jim Rickards via Daily Reckoning)
Geopolitics
- Iran Surprise For Oil Market. (Bloomberg)
- Yemen: A Saudi -Iran Battleground? (BBC)
Supply/Demand & Markets
- EIA: +8.2mil v +4.6mil exp. (Platts)
- Mapping World Oil Transport. (Reuters)
- Cushing Isn't The Whole Oil Market. (John Kemp via Reuters)