A weak Monday spot and wet and mild weather brought the morning market down in the front. The forwards remain strong, however, and despite a weak open the contracts lifted back above the Friday close. Players today agreed that the market continues to show great strength, and pointed to the possibility of a return to high-pressure weather and the weak hydro balance as the reasons for this.
The weak Friday market gave promises of more downside today, and a continued fall was staged with the weak system price for Monday. The forward curve seems relentless in its bullishness, however, and primarily mild weather keeps the futures below last week. Whether considerable amounts of precipitation will be delivered is not at all sure, two traders said today. Strength, won&
Montag, 10.03.2003, 13:06 Uhr
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