Front and long end contracts made a comeback on Tuesday morning amid slightly drier forecasts and rising fuel prices. Market players said further confirmation is needed to underpin prices, however, since the market might have overreacted.
A continental trader highlighted that technical resistance had been kept on the front quarter, which gained momentum up to a high of EUR 57.75/MWh in early trade on slightly bullish weather prognoses. It was last seen at EUR 57.70/MWh, up 2.90.The trader expected the market to cool down during the course of the day, unless the noon GFS06 figures affirm the dry outlook."It's a
Dienstag, 21.10.2008, 10:16 Uhr
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