The Monday market continued on its bullish mission with the continued dry weather outlooks. The summer contract tested a former high this morning, and players stated that as long as the high pressure remains stable, prices are going to continue up. But not forever.
- The high pressure looks very stable and as long as it is so, prices are going to keep on crawling up. The summer contract has arrived in the higher end of the price range of what the market seems to consider correct, but naturally the hydrology is not improving so there could be room for more upside. It doesn’t seem as if players are too eager on taking big long positions though, and th
Montag, 8.03.2004, 11:54 Uhr
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