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Key analytical updates on the Murray Darling Basin Water Market. Analysis of the market for water allocation will be assisted by the Greeneye Visual Trading Platform which charts the Victorian Goulburn Murray water market.

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Friday, January 9, 2009

HAPPY NEW YEAR!

Welcome back to the Waterman Blog in 2009. Trust some of you had a little break from the day to day routine - luckily I did!

As you can see above, a snap shot of the Greeneye Visual Trader has been loaded into the blog for all to see! We had been predicting water prices would continue to fall and the charting predicts further falls below $300 per megalitre. The charting would predict a level of support at $250 per ML. and a level of resistance at $350 per ML.

There are some interesting figures evolving in terms of trades in the Goulburn Murray Water areas - volumes up but less trades! More later.

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