The forward market is being traded back and forth around yesterday’s closing level, following changes in the weather forecasts.
“The forecasts were wetter and milder this morning, while the latest EC update looks a bit drier and colder again at the end of the period, and this explains the price movements this morning,” says one trader in Norway.He regards most contracts as quite cheap, and assumes that most players are long at the moment. However, the spot prices are very sensitive to temperature chan
Donnerstag, 26.01.2006, 11:11 Uhr
Redaktion
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