The market opened with a correction across the board, pulled southward by a weakening energy complex, a technical reaction to the buying spree earlier in the week, as well as a somewhat wetter outlook.
Antti Kokkonen from Finnish portfolio manager Energiakolmio pinpointed a wetter weather prognosis as a pullback signal for the front curve, while softening oil pressed down the yearly products. "We have also seen some profit taking, with the cashing in setting off a correction."A Danish trader agreed. "Profit taking has some major impact on the short term. Once the market price doesn&ap
Donnerstag, 5.06.2008, 11:54 Uhr
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