Wet forecasts and delivered precipitation help push down the front contracts at Nord Pool Friday morning, while the contracts in the far end of the curve are traded at around yesterday’s closing levels.
Players describe the market as quiet and cautious. “The front end is weakening on the back of quite large amounts of precipitation forecast and also delivered. In addition, there will be increasing wind power output next week, which will contribute to keep the front contracts down,” one trader says.Regarding contracts further out on the curve, the sentiment is more uncertain,
Freitag, 19.05.2006, 11:17 Uhr
Redaktion
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