ERCOT Cash – Today load is a touch stronger and so are prices – but nothing significant. This afternoon looks tighter than what we have been lately. Today’s DAM is $47 and Tomorrow’s is $48.27 PJM Cash – mild temps, mild prices – light congestion flowing to the south… ERCOT Forwards – mostly unchanged, but slight strength in Summer 14 – value buyers and profit takers. PJM Forwards – grinding lower – not much action. NG – little changed…EIA preview day – somewhere around 110 to 112 Bcf injection. 5 year Max and Average: 106 and 87 Bcf. NG feels heavy – bulls need smaller number like 98… CL - little changed and still near-record high inventories after larger than expected draw – no demand in products… Stock and Stuff – World Bank cut global economic growth forecast to 2.8%, down from 3.2%. But other than that, nothing specific pointed to the broad market drop today. Profit taking? BITCOIN - $632 NG – $4.53 Crude - $104.35 SP500 – 1943.89 US 10-Yr – 2.64 Gold – 1260.80 **near market close
Posted on: Wed, 11 Jun 2014 20:50:06 +0000
Trending Topics
Recently Viewed Topics
© 2015