The front curve reacted strongly to wetter forecasts Friday morning, while the long end sank on the signal of southbound oil. Traders believed the correction might prove excessive.
With the possibility of drier days temporarily called off, Q4 plummeted to lows of EUR 72.30/MWh, down EUR 3.40 from yesterday's close. A Finnish trader found recent days' movements extreme, also believing the scope of the current correction might be unwarranted."The near end is bouncing day by day, even with each new weather prognosis. Yesterday's rise in expectance of a
Freitag, 5.09.2008, 10:41 Uhr
Redaktion
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