Nordic forward prices are falling back after initial sharp gains on Tuesday morning triggered by drier and colder weather forecasts, but contracts are still trading firmer day on day.
The Q1 12 contract last traded at EUR 40.20/MWh at Nasdaq OMX, up EUR 0.60 from Monday's close, but down EUR 0.90 from the morning high. This morning's rise is purely driven by the colder and drier weather forecast, said a Finnish trader, characterising the move as a correction and not a trend change. The current forecasts are not enough to lift the market higher, he said. However,
Dienstag, 13.12.2011, 10:49 Uhr
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