Weekend News 18May

The market  balanced early week around  last week’s Settlement, 100s, within the Upper Cluster, 100s-101s, before initiative buy programs entered at/near 100.55s, driving  price higher out of Balance, achieving the Weekly Stopping Point High, 102.65s, following Wed’s neutral EIA data release at/near Key Structural Resistance/High Usage Overhead. 
Responsive sell programs entered, developing Balance, 102.66s-101.25s, the remainder of the week, ultimately closing at/near 102.01s.

 Graphics

  • Consumer Debt (esp Student Loans) Now A “Signal” For Confidence. (NYT)

Central Banks

  • Conduct Of Monetary Policy: 
    Oystein Olsen, Governor Central Bank Of Norway. (BIS)
  • US Energy Boom Will End USDollar World Reserve Status, Sayeth Addison Wiggin. (Daily Reckoning)

Geopolitics

  • German FM Calls For Cooperation Instead Of Confrontation With Russia. (RT)

Supply/Demand & Markets