Nordic forwards are weakening on Monday morning in spite of strong technical and fundamental input, traders said.
The benchmark Q2 10 contract had lost EUR 1.19 day on day at EUR 47.95/MWh, while YR 11 had shed EUR 0.35 at EUR 41.50/MWh. "Just like in a couple of sessions last week, Nordic power prices drop without any apparent reason. It feels like a lot of players are long, while fundamental and technical signals are strong,” a Swedish trader said.
Slightly milder weather forec
Montag, 15.02.2010, 10:42 Uhr
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