There is no clear direction in the Nordic power market this morning. The forecasts remain wet, but players are reluctant to push the forwards further down.
The 10-day weather forecasts predict more than twice as much precipitation as normal, but a drier end to the period may have tamed some of the bearishness. "It will be interesting to see if this dry end is still there on Monday. If it is I believe we will see a further strengthening of the Q4-07 contract above 36 euros. However, it the end turns wet on Monday we will probably come below the 35
Freitag, 27.07.2007, 11:33 Uhr
Redaktion
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