The forward market is strengthening after a soft start. Following the sharp fall last week, players are waiting for new signals to determine the direction.
Q1-08 saw a decline of EUR 4.50 during the week, and closed at EUR 51.40 on Friday. This morning, the contract has been traded in a EUR 50.60-52.00 range."It will be interesting to see what happens now, as support levels were broken in several markets last week. The picture is quite weak, but prices have fallen a lot, and the market seems to pause and wait for new input," said Morten Nil
Montag, 3.12.2007, 11:25 Uhr
Redaktion
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