Nordic power forwards are edging upward on low volume on Tuesday morning, driven mostly by technical activity rather than fundamentals.
The Q4 11 contract had gained EUR 0.40 day on day at EUR 50.80/MWh, on a volume of 84 MW. Meanwhile, the YR 12 contract had climbed by EUR 0.35 to EUR 47.50/MWh, registering a turnover of 6 MW. "Fundamentally, the curve shouldn't be climbing as much as it is, but movements are exaggerated by thin volumes, and also reacting to the recent price fall [seen throughout June],” a Da
Dienstag, 26.07.2011, 10:43 Uhr
Redaktion
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