MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Crude oil precariously holding above $52 per....>

OIL
OIL: Crude oil precariously holding above $52 per barrel, last at $52.10 in Asia
after laying relatively flat on the session/mildly declining ($0.09).
- The overnight brought a surprise rise in U.S. Crude Oil stockpiles, up by
856k, representing the first increase in 5 weeks. Surveyed was a decline of
2782.8.
- Speculation is mounting for an extension in supply cuts on Nov. 30 when OPEC
will meet with allies such as Russia and Iraq is working to get oil production
back up and running on lands recaptured from the Kurds.
- MNI Technical analysis sees support at $51.89 - Low Oct 25 and resistance at
$52.41 - Hourly resistance Oct 25. Topside hesitation ahead of $52.65-53.11
remains a concern with bulls needing a close above to shift focus to
$53.73-55.05 where the bull channel top ($55.05) is located. The 21-DMA remains
key support today with bears needing a close below to ease immediate bullish
pressure and shift focus to $50.13-87 where the 55 ($50.13) & 200 ($50.63) DMAs
are noted. Daily studies are looking to correct from modestly O/B adding weight
to the bearish case.
Energy BulletsCommodities
Energy BulletsCommodities

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