Nordic forward prices are weakening on Tuesday morning despite drier weather forecasts than yesterday due to players taking stop losses and falling German power prices, traders said.
The Q4 contract last traded at EUR 49.10/MWh at Nord Pool, down EUR 0.10 from Monday, while further out on the curve the 2011 contract last traded at EUR 44.20/MWh, down EUR 0.20. "The momentum in the market is weak and there are still players who want to exit their long positions. Some technical levels have also been breached and the probability for the downside has increased,” said a
Dienstag, 28.09.2010, 11:11 Uhr
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