VELES WEEKLY WATER INDEX REPORT: Light rain possible in N CA. Lake Mead water conservation ICS project working. NQH2O Sep Futures offer $35 below the July bid price.

Veles Water Limited writes, “The drought continues but light rain may occur in Northern California this week. State releases its first SGMA reviews.  Todays technical analysis Vimeo by Robin Bieber is a must see.  Lake Mead water conservation Intentionally Created Storage (ICS) is working and may be tapped this year.  Lake Oroville may have to shut the Edward Hyatt hydroelectric power plant due to low water levels.  NQH2O up $2.60 or 0.3%, seasonality showing in futures prices with July bid price $35 higher than September futures offer price.”

Veles Weekly Report June 10th F
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