Nordic forward prices have adjusted southwards this morning despite dry forecasts. Traders say there is much selling interest on the Q1 product as soon as prices climb over EUR 40/MWh.
The Q1-06 contract opened up at EUR 40.50/MWh this morning, but has fallen below the 40 mark during the morning session, and last changing hands at EUR 39.80/MWh.“There is strong technical resistance at around EUR 40.10/MWh on the Q1 contract. But if the fundamental scenario with dry forecasts continues, I think we will break through this level before the weekend. Then the contract
Mittwoch, 30.11.2005, 11:41 Uhr
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