Too close to call
0 comments Monday, 07-27-09 | Posted By Bill | Predictions
I hate times like this. I am 50-50 on whether we get a spike tomorrow. I’m torn between near break even margins (at least if you are looking at the fact that Indiana wholesale adjusted should be lower than the spot price by about 5-10 cents still) and the fact that we had two spikes last week. Margins do say spike, but history says patience. Do be prepared and find someplace cheap tonight or friendly/spike resistant tomorrow, because the numbers say we should go up. But we are too close to call.
