WTI Crude: ECB, NFP, FOMC Effect Comparison. 21Sep

Since completing the economic release cycle for Q3 last week (ECB, NFP, FOMC),
a comparative look at the effects of each announcement on WTI’s daily range.
Items of note:
First is the relative equivalence of the ECB v FOMC.
Secondly, the NFP had a larger effect in both London & NY Sessions.
Finally, no ranges deviate significantly from the longer term
Avg Daily Range amplitudes to any large degree. 

Despite the sound & fury surrounding central bank
announcements, only NFP offered an edge in range potential v normal tendencies.

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Midweek News 19Sep

Source: EIA (Sep 2012)

*HFT/Algo*

  • WTI, USO, SCO Depth Of Book, 17Sep. (Nanex)
  • 17Sep Plunge Leaves Traders Guessing. (Reuters)

Graphics

Central Banks

Geo-Politics

Supply/Demand & Markets

  • API: +2.4mil v +1mil exp. (Reuters)
  • EIA: +8.5mil v 1mil exp. (EIA)
  • Oil Market Oversupplied, Yet Backwardation Persists. (FT Alpha)