The front quarter has given in to pressure from wetter forecasts this morning, while the long end is slowly softening.
The forecasts were wetter Monday than ones seen last week, acting as a bearish input on the short curve. Q4 attempted to lift in early trade, reaching EUR 62.00/MWh, though efforts soon collapsed into a bear market, all the way down to EUR 60.60/MWh. A Finnish trader pinpointed wetter forecasts and broken support levels as the key factors for the softening front end. "Q4 is now below t
Montag, 4.08.2008, 11:18 Uhr
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