Weekend News 31Aug

17-22Aug Auction
As noted in last week’s analysis, potential for development of Balance, 92.50s-96.50s, existed this week, consistent with the phases of market development. The bulk of this week’s auction saw the development of the Balance and formation of a d shape structure. Consistent with the phases of market development, the completion of the d shape implied the potential for directional activity. The directional activity began in Thu’s auction resulting in price discovery higher into Low Usage Resistance overhead. Focus on potential for continued price discovery higher toward the Major Structural Resistance Cluster, 97s-98.50s, overhead.
 24-29Aug Auction

Graphics

  • Rail Deliveries Of US Crude, 2014. (EIA)

Central Banks

  • ECB Must Do More To Tackle “Overvalued”Euro, Sayeth French PM. (Reuters)

Geopolitics

  • Yatsenyuk: Russia plans to cut gas to Europe this winter. (EurActiv)
  • FBI, Secret Service Investigate Reports Of Cyber Attacks On US Banks. (Reuters)

Supply/Demand & Markets

  • Morgan Stanley Plans Natural Gas Export Facility. (Reuters) 
  • Colombia Looks At Its Oil Industry. (Platts)