The bearish run is continuing at Nord Pool, mainly on the back of wet and mild forecasts. Q1-07 has dropped below EUR 57 this morning, the lowest level since 4 July.
According to a Swedish trader, all signals point down but one. “The weather points downwards, as does the trend for fuel prices. The only discrepancy is the firm German market,” he says. However, there is no momentum on the buy side at Nord Pool, he comments. “The spread between the spot level and Q1-07 is still large, resulting in sell interest for the quarterly contra
Montag, 6.11.2006, 11:23 Uhr
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