The Nordic power prices opened up this morning and continued to strengthen significantly during the morning trading session. Q1-06 has surged more than one euro, YR’06 more than 70 cents.
“Last week, an analyst recommended buy at EUR 38.20/MWh for Q1-06; and so many did that on Thursday and Friday. Hence today’s firming prices. I’d say Q1-06 will decrease now to 38.50 where those who forgot to buy this morning do so. A possible closing price is around EUR 39/MWh,” says Christian Lindh, trader at Eon. Q1-06 has been traded in the range EUR 38.20-38.
Montag, 28.11.2005, 12:00 Uhr
Redaktion
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