Drier forecasts pushed the Nordic forward market to new record levels this morning. “At the moment there are no resistance levels,” one player said, adding that it is therefore very hard to assess the current price levels.
“It has been very bullish this morning. Drier weather forecasts caused much buying interest OTC before the exchange opened. The German market is again bullish and I also think yesterday’s strong rise in oil prices and the recent jump in coal prices have made an impact,” a Finnish trader said.The benchmark Q4-06 contract opened at a new all time high of EUR 63.00/MWh OTC
Dienstag, 1.08.2006, 11:45 Uhr
Redaktion
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