Prices came off further Tuesday morning and traders remain bearish long-term due to southbound commodities and threats of a recession. However, a possible short-term rebound was not ruled out.
The negative trend on oil has turned around for the time being, with the Brent front month up above USD 86/bbl on the ICE platform. Meanwhile, cheaper coal has eroded the marginal cost for coal-fired power production.On Nord Pool, technical support levels were tested on Q4 at EUR 66.00/MWh, as well as on the front year at EUR 57.00/MWh, in early trade. But prices soon stabilised, and the
Dienstag, 7.10.2008, 10:30 Uhr
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