RENEWABLES: CWE Morning Solar Forecast

May-15 06:20

See the latest CWE Solar forecast for peak-load hours starting this morning for the next seven days. CWE peak solar forecast has been revised lower over 20-22 May by between 4.8-6.5GW but will still be at 29-30% load factors.

CWE Solar for 16-22 May

  • 16 May: 55.07GW
  • 17 May: 54.46GW
  • 18 May: 49.64GW
  • 19 May: 48.03GW
  • 20 May: 46.83GW
  • 21 May: 47.66GW
  • 22 May: 46.07GW

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Historical bullets

BTP TECHS: (M5) Resumes Its Uptrend

Apr-15 06:19
  • RES 4: 120.65 1.382 proj of the MAr 14 - Apr 4 - 9 price swing      
  • RES 3: 120.39 High Feb 28    
  • RES 2: 120.12 High High Mar 4 
  • RES 1: 119.43 Intraday high              
  • PRICE: 119.41 @ 07:03 BST Apr 15  
  • SUP 1: 117.91 20-day EMA       
  • SUP 2: 117.28 Low Apr 10     
  • SUP 3: 116.06 Low Apr 9  
  • SUP 4: 115.75 Low Apr 14 and a bear trigger     

BTP futures rallied sharply higher Monday. The rally resulted in a break of resistance at 119.07, the Apr 4 high. The breach confirms the end of recent Apr 4 - 9 correction and cancels what appeared last week to be a developing bearish threat. Sights are on 119.29, 76.4% of the Feb 28 - Mar 14 bear leg (pierced). A clear break of this level would open 120.12, the Mar 4 high. Initial support to watch lies at 117.91, the 20-day EMA.

UK DATA: Hard to get a great reading from the labour market data at first glance

Apr-15 06:05
  • AWE Earnings a tenth weaker than expected for both total economy and private regular.
  • The LFS employment change was a bit higher than expected (but unemployment rate was still in line with consensus).
  • It looks as though there is a big downward surprise to the flash HMRC payrolls print.
  • No huge movement and hard to really get a great reading from the data at first glance. Will look into the details now and follow up.

MNI: UK MAR CLAIMANT CHG +18700

Apr-15 06:00
  • MNI: UK MAR CLAIMANT CHG +18700
  • UK MAR CLAIMANT RATE +4.7%
  • UK FEB AVE WEEKLY EARNINGS +5.6% YY
  • UK FEB AVE WEEKLY EARNINGS EX-BONUS +5.9% YY