WTI Crude Daily 01Sep

Tuesday's Auction
As noted in Mon's analysis, the focus into Tue's auction on response to Mon's Stopping Point High, 49.33s, was key as selling interest emerged near there at 48.90s, driving price lower in retracement toward the Daily 2nd Std Dev Low, near last week's Breakout Point/Prior Resistance. Focus into Wed's auction on response to the Buyside Breakout Area/Prior Resistance, 45.40s-43.40s.  

Tuesday's Live Blog Excerpt

WTI Crude Daily 31Aug

Monday's Auction
via The Daily
As noted in Fri's analysis, the focus into Mon's auction on response to the Stopping Point High, 45.90s, was key as buying interest emerged, driving price aggressively higher, achieving the Stopping Point High, 49.30s, beyond the Daily 2nd Std Dev Low at/near the Average Weekly Range High. Focus into Tue's auction on response to Mon's Stopping Point High, 49.33s.

Weekend News 30Aug

23-28Aug Auction 
via The Daily

Central Banks

  • The Fed Is Looking At A Different Dollar Than Wall St. (Bloomberg)

Geopolitics

  • Shia Not Shale? It Will Take Much Cheaper Oil For Suadi Arabia To Take Action. (Economist)
Source: EIA (Aug 2015)

Supply/Demand & Markets

  • EIA: -5.5mil v +2.2mil exp. (EIA)
  • How US Producers Are Weathering A Low Price Environment. (Energy Fuse)