The Q1-07 contract hit a two-week high of EUR 69/MWh this morning, but has since softened to a last trade of 67.60 (+0.40).
“The closing prices were strong yesterday and today’s EC forecasts confirmed the cold scenario. But the prices may have gapped a little too much and sellers came in at the EUR 69 level,” a Norwegian trader said.He believed the main reasons for the sell-off were technical, as players were adjusting their positions and taking some profit ahead of the weekend. The trader a
Freitag, 27.10.2006, 11:54 Uhr
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