News
UPDATE 2-Germany, UK to start early Phase 3 EU CO2 auctions
in.reuters.com
[Reuters] - Market participants have been eagerly awaiting the timing of the early sales because the market is already over-supplied with over 1 billion permits which has put pressure on prices, sending them to a record low below 6 euros in April. Data compiled by
Google News: EUR/GBP Daily Outlook
[Action Forex] - Strong support is expected inside support zone to conclude the consolidation. Current development argues that such consolidation isn't over yet and a new low below might be seen. But we'd continue to focus on reversal signal during
Google News: A Brief Rest From Overbought Conditions
[Forex Pros] - Even if it does break, the uptrending 50DMA is directly beneath that ready to catch the S&P 500 before it ends the uptrend with a lower low below September 6th's big rally. Daily T2108 vs the S&P Click chart for extended view with S&P 500 fully
Marcellus production boosts prominence, liquidity of budding Northeast markets
www.platts.com
[Platts] - RigData figures show a sharp drop-off in dry-gas drilling in the Marcellus, particularly in the second quarter of this year, when the NYMEX hit a 10-year low below the $2/MMBtu mark. Instead, producers shifted their rigs to southwestern Pennsylvania
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