The Q4-07 contract opened below the EUR 36/MWh level this morning, and with the forecasts predicting almost twice as much precipitation as normal the next 10 days players expect prices to continue down.
"We saw much buying at the 36 level yesterday, but now the Q4 has gone below this level and with the latest forecasts confirming the wet picture we may drop further down towards the next support level at 35 later today," said a Norwegian trader.He pointed at the weather forecasts as the main price driver today, with some 10 TWh of precipitation forecast for the next 10 days compared to a
Donnerstag, 9.08.2007, 10:47 Uhr
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