Bearish signals across the board and traders taking stop losses on Tuesday morning are causing prices to fall again on Nord Pool, players said.
The Q2 09 contract last traded at EUR 28.00/MWh at Nord Pool, losing EUR 1.25 from Monday's settlement and had reached a new all-time low for the contract.
"There are no signals indicating an upwards move and this causes stop losses,” said Roger Lie, trader at Norwegian utility Hafslund.
Players said a weak fuel complex, wet weather trend and poor g
Dienstag, 24.02.2009, 11:20 Uhr
Redaktion
© 2024 Energie & Management GmbH