Nordic forwards are falling on Monday morning on the back of fuels and CO2, and there is "no chance" for the upside in the YR 10 contract, traders said.
The Q4 09 contract was last seen at EUR 32.80/MWh, down EUR 0.60 on Friday's settlement and at levels last seen in early March, while the front year approached levels of early April at EUR 34.10/MWh, down EUR 0.70.
"Despite a positive trend in equities, there's no doubt about the direction of the energy and power markets. The downtrend continues, and there's no ch
Montag, 14.09.2009, 12:20 Uhr
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