Midweek News 29May

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Central Banks

  • Fed’s Roots & A Virginia Congressman. (Bloomberg)
  • ECB Need’s To Rescue EU, Again… Sayeth OECD. (Reuters)

Geopolitics

  • POTUS Asked Pentagon To Prepare No-Fly Zone Plans For Syria. (RT)
  • Oil Probe May Reveal Huge Damage, Sayeth EU. (Bloomberg)
  • Pentagon Programs Target Of Chinese Cyber Threat. (AP)

Supply/Demand & Markets

Weekend News 25May


The market auctioned higher early week from last week’s Settlement, 96s, toward the Avg Wkly  Range High, 97.34s, achieving the Stopping Point & Balance before initiated selling entered the market, driving price lower,achieving the Stopping Point at/near 92.20s.

Following the Stopping Point at/near the 92.20s, the market began a Balance Phase, developing  a lower trade cluster, 92.20s-94.50s, into week’s end, closing at/near 94.20s. 

Graphics

Central Banks

  • Central Banks Stuck On Currency Debasement Treadmill. (Telegraph)
  • Japan Draws First Blood In The Currency Wars. (Validus)

Geopolitics

  • Major US Military Operations To “Protect” Oil: 1970s-Present. (Oil Change)
  • Israel Preparing For Potential Fall Of Assad In Syria. (RT)

Supply/Demand & Markets