AMERICAS OIL: End of Month US Data Releases

Aug-29 13:09

Today there will be a full set of data releases throughout the day for US oil and gas markets. The releases will be posted throughout the day, and highlights of the core reports will be provided upon release. 

  • Baker Hughes Rig Counts
  • EIA 914 – Monthly Crude Oil and Natural Gas Production
  • EIA Petroleum Supply Monthly
  • EIA Natural Gas Monthly
  • EIA Petroleum Supply Annual: This report is scheduled to come out in August and has not yet been released. It may be released today. This report contributes to annual revisions of historical oil production in the Monthly Crude Production estimates.
  • Additional Data releases from EIA: Crude movements, Petroleum Marketing Monthly, Power Monthly, and company level imports. 

Historical bullets

EURIBOR: Basis trade

Jul-30 13:07

Euribor Basis trade:

  • ERU5 4k at 98.01.

STIR FUTURES: BLOCK: Sep'25 SOFR Sale

Jul-30 13:07
  • -10,000 SFRU5 95.835, post time bid at 0859:48ET, contract trades 95.835 last (-0.010).

AUDUSD TECHS: Clears The 20- And 50-day EMAs

Jul-30 13:06
  • RES 4: 0.6700 76.4% retracement of the Sep 30 ‘24 - Apr 9 bear leg
  • RES 3: 0.6688 High Nov 7 ‘24
  • RES 2: 0.6677 0.764 proj of the Jun 23 - Jul 11 - 17 price swing  
  • RES 1: 0.6538/6625 High Jul 29 / 24 and the bull trigger
  • PRICE: 0.6467 @ 14:05 BST Jul 30
  • SUP 1: 0.6455 Low Jul 17
  • SUP 2: 0.6373 Low Jun 23 and a bear trigger 
  • SUP 3: 0.6354 38.2% retracement of the Apr 9 - Jul 24 upleg  
  • SUP 4: 0.6323 Low Apr 16

AUDUSD has this week traded through both the 20- and 50-day EMAs. This undermines a recent bullish theme and signals the likely start of a corrective cycle. The next support to watch lies at 0.6455 the Jul 17 low. A clear break of this level would strengthen a bearish threat and signal scope for an extension towards 0.6373, the Jun 23 low. Key resistance has been defined at 0.6625 the Jul 24 high. It also represents the bull trigger.