ERCOT Cash - another day like yesterday. PJM Cash – much - TopicsExpress



          

ERCOT Cash - another day like yesterday. PJM Cash – much milder temps kept pricing tame – NC 90s and OH 70s. All calm on the Midwest front –as loads underperform forecast again… ERCOT Forwards – random basis, strip and H/N basis traded – put it together – ho hum power day in ERCOT. PJM Forwards – Obliterated – call Jennifer, PJM just when on sale. Tetco M3 was the culprit – according to some on the weakness. Big Load day and prices failed on the pipeline, traders took it to the gas basis… NG – EIA came out 113 Bcf – slightly bearish to estimates – ng sold off, then rallied unchged, then sold off again to the lows of the day. NG heavy at the top of range… Cl – Higher on IRAQ concerns and US suggests that we won’t send troops… Stocks – digesting – IRAQ news, less jobless claims, Philly Business Index slips from last month, and new RECORD (and manufactured) highs. BITCOIN - $596 NG – $4.58** Crude - $106.60** SP500 – 1959.48 US 10-Yr – 2.62 Gold – 1319.00
Posted on: Thu, 19 Jun 2014 21:01:47 +0000

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