Nordic forwards are moving sideways on Tuesday morning, with traders expecting short-term bearishness before a sustainable price recovery.
The Q4 09 contract was last traded at EUR 31.05, up EUR 0.15 on Monday's close, while YR 10 traded at EUR 32.85/MWh, up EUR 0.10.
"Earlier, the contract moved up on German power and oil, but now it's come down again,” a continental trader said.
Technically, the downward trend for forwards had not yet been broken, with resistance levels at EUR 3
Dienstag, 29.09.2009, 11:06 Uhr
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