Just like yesterday, the downside failed to gain momentum from a weak start. Market players pointed at the German market as the main reason why the market changed direction this morning.
The Q2-06 contract was sold down to 37.80 in early trading before the market turned, and the benchmark forward contract was last traded at 38.40, which is still 10 cents lower than yesterday´s close. “The upside is helped by rising prices in the German power market and of CO2. The hydrological situation is also at a deficit because of a lack of snow,” says Jan Strömbergsson o
Mittwoch, 11.01.2006, 11:30 Uhr
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