Due to closing of positions and an increased fear of less precipitation than expected, prices in the Nordic market rose in the morning hours.
"This is more of a technical phenomenon than fundamental. Many are closing their positions before the weekend and some players also see a high pressure between the lows in the forecasts. These are the main reasons behind the development in the Q4-07 contract this morning", says an analyst.He argues that further out on the curve, the year contracts, prices are more influenced by the risk
Freitag, 10.08.2007, 11:09 Uhr
Redaktion
© 2024 Energie & Management GmbH