[Download link at the bottom of this post]

      A. Trading Report

• Price front recovers $0.30 to finish at $12.47 amidst great volatility
• Traded volume surges to 9,536,000, activity resumes on V19  
• Positive long-term OI creation for first time in 6 weeks

      B. Price Expectations

• Wide trading region of $12.20-50 possibly established
• Price and volume volatility is highly significant during this cycle
• Expected V16 ranges: $12.37 – $12.47 (Front); $12.48 – $12.58 (Benchmark)

      C. Sectorial Positions

• Oil & Gas and refineries may provide Buy-side interest

      D. CCO Tracker

• A combined 20,436 ROCs awarded to two Camco livestock projects
• New NativeEnergy livestock project listing, takes total count under ARB compliance to 300

      E. Policy Tracker

• No Legislative update

      F. Key Dates

• April 27 – Washington Clean Air Rule webinar
• April 28 – ARB Workshop on Ontario linkage and sector-based offsets

Download this report (pdf)