Nordic power is moving sideways on Tuesday morning due to a lack of new input, with traders anticipating a further downside potential in front-end contracts.
"The mood is bearish, and oil is the main driver. Nordic power might remain at current levels during today's session following the large drop on Monday, but the front quarter is too expensive both compared to spot prices and the front year,” Finnish trader Kari Puosi from Sevitel said.
The Q2 contract last changed hands at EUR 35.85/MWh, which was too high compared to
Dienstag, 3.02.2009, 10:45 Uhr
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