Forward prices took a big jump this morning, building further on the upturn from late last week. The weather forecasts point towards more normal winter weather, but are not cold enough to support today’s strong gains in the forward market, according to players Montel Powernews has spoken to.
In a busy Monday morning market, the benchmark SO-05 contract soared to 168.25 this morning, its highest level since 5 January. Later, the contract adjusted downwards, and was last traded at 166.50, which is 7.50 higher than the closing price on Friday.– I am a bit surprised that the market has lifted as much this morning. The movements are mainly due to financial trading muscles a
Montag, 17.01.2005, 11:56 Uhr
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