Prices are rising sharply Wednesday morning, with the front quarter gaining as much as two euros to above EUR 44. Players point to drier outlooks, but the market is described as nervous.
The Q3-08 contract opened sideways at EUR 42.40, but has climbed steadily to EUR 44.35 last at Nord Pool, up 1.95 euros from yesterday's close. The first weather prognosis this morning was wet, while the latest update shows a trend towards drier conditions. According to Axel Weyler at TelgeKraft, a lot of stop losses were taken this morning. "It seemed like the market reacted to the
Mittwoch, 14.05.2008, 11:12 Uhr
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