I used to think pivots were voodoo and useless, but after giving them a chance I found them to often be areas of attention. Not always, but often enough to use them as target areas, or as zones where a "base" of demand or supply can build. Not only daily pivots, but weekly as well, probably more so in fact.
CL Redux
- Thread starter schizo
- Start date
I used to think pivots were voodoo and useless, but after giving them a chance I found them to often be areas of attention. Not always, but often enough to use them as target areas, or as zones where a "base" of demand or supply can build. Not only daily pivots, but weekly as well, probably more so in fact.
06/26/2011 04:36 DJ IEA's Tanaka: Consulted Saudi Arabia, China, India Before Stockpiles Release
IEA's Tanaka: Asked China To Join IEA On Saturday
Last update: 6/26/2011 4:36:11 AM
BEIJING (Dow Jones)--The International Energy Agency consulted Saudi Arabia, China and India before it authorized the release of some of its emergency reserves, the agency's executive director said Sunday.
"They understand, and they appreciate the action," Nobuo Tanaka said on the sidelines of the second Global Think Tank Summit in Beijing.
The release of some of IEA's strategic stockpiles is meant only to fill the gap in supply until higher crude volumes from Saudi Arabia reach the global market, he added.
Separately, Tanaka said he asked China once again to join the IEA on Saturday. Although there hasn't been any official response, Tanaka said he was encouraged by China's recent statement publicly welcoming the IEA's strategic stockpiles release.
"They will think about it," he said, adding the process would take time. The issue of China's IEA membership has been raised several times but hasn't advanced much.
Meanwhile, Tanaka said the IEA strongly recommends the Chinese government phase out subsidies for fossil fuels such as coal, oil and electricity.
"The price signal for these fuels should go directly to the consumer. It is tough because at the same time inflation is the basis for many serious political concerns, but without these clear signals, energy efficiency will not really prevail," he said.
The IEA, which represents oil-consuming countries, said Thursday it would authorize the release of 60 million barrels of oil from emergency stockpiles to address the supply shortfall from Libya. The move, only the third in the IEA's history, came after the Organization of Petroleum Exporting Countries failed earlier this month to agree on a plan to boost output.
IEA's Tanaka: Asked China To Join IEA On Saturday
Last update: 6/26/2011 4:36:11 AM
BEIJING (Dow Jones)--The International Energy Agency consulted Saudi Arabia, China and India before it authorized the release of some of its emergency reserves, the agency's executive director said Sunday.
"They understand, and they appreciate the action," Nobuo Tanaka said on the sidelines of the second Global Think Tank Summit in Beijing.
The release of some of IEA's strategic stockpiles is meant only to fill the gap in supply until higher crude volumes from Saudi Arabia reach the global market, he added.
Separately, Tanaka said he asked China once again to join the IEA on Saturday. Although there hasn't been any official response, Tanaka said he was encouraged by China's recent statement publicly welcoming the IEA's strategic stockpiles release.
"They will think about it," he said, adding the process would take time. The issue of China's IEA membership has been raised several times but hasn't advanced much.
Meanwhile, Tanaka said the IEA strongly recommends the Chinese government phase out subsidies for fossil fuels such as coal, oil and electricity.
"The price signal for these fuels should go directly to the consumer. It is tough because at the same time inflation is the basis for many serious political concerns, but without these clear signals, energy efficiency will not really prevail," he said.
The IEA, which represents oil-consuming countries, said Thursday it would authorize the release of 60 million barrels of oil from emergency stockpiles to address the supply shortfall from Libya. The move, only the third in the IEA's history, came after the Organization of Petroleum Exporting Countries failed earlier this month to agree on a plan to boost output.
will she hold or....
Unrelated 
For you SoCal baseball fans.
June 27, 2011, 9:19 a.m. EDT
Dodgers file for Chapt. 11 bankruptcy protection
NEW YORK (MarketWatch) -- The Los Angeles Dodgers on Monday filed for Chapter 11 Bankruptcy protection, the team said in statement. The team said the filing, "will enable the Club to consummate a media transaction and capitalize the team." Dodger owner Frank McCourt said Major League Baseball Commissioner Bud Selig's refusal to approve the Fox transaction is the cause for the Chapter 11 filing. The baseball team said it received a commitment for $150 million in debtor-in-possession financing to allow it to meet its obligations going forward. "There will be no disruption to the Dodgers day-to-day business, the baseball team, or to the Dodger fans," the company said.
For you SoCal baseball fans. June 27, 2011, 9:19 a.m. EDT
Dodgers file for Chapt. 11 bankruptcy protection
NEW YORK (MarketWatch) -- The Los Angeles Dodgers on Monday filed for Chapter 11 Bankruptcy protection, the team said in statement. The team said the filing, "will enable the Club to consummate a media transaction and capitalize the team." Dodger owner Frank McCourt said Major League Baseball Commissioner Bud Selig's refusal to approve the Fox transaction is the cause for the Chapter 11 filing. The baseball team said it received a commitment for $150 million in debtor-in-possession financing to allow it to meet its obligations going forward. "There will be no disruption to the Dodgers day-to-day business, the baseball team, or to the Dodger fans," the company said.