The front end of the curve remains under pressure from the hydrology, while the years are still following CO2.
Weather forecasts are still very wet, and a lot of precipitation has also been delivered lately, with around 1.2 TWh yesterday.“The strong hydrological situation makes me quite bearish for the front contracts. There are no signals pointing up for the Q3-07 contract, as I see it, but so far there is some technical resistance at around EUR 24.50,” says Mattias Morin at Mälarene
Mittwoch, 16.05.2007, 11:10 Uhr
Redaktion
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