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As noted in Thu’s analysis, the focus into Fri’s auction on response to 58.50s-58.80s, was key as buying interest emerged there both in the Globex & NY auctions within Balance development. Focus into Mon’s auction on response to the Balance, 58.15s-59.90s.
Two-sided balance trade continued this week around the longer timeframe developing POC, 49.40s.
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Supply/Demand & Markets
|Source: EIA (Apr 2015)