The Nordic power market drifted further down Tuesday morning, due to very wet and mild weather forecasts. However, the bid side currently seems to be the strongest, as German power prices are heading north, and the Nordic contracts are starting to look cheap.
Q1-06 was traded at EUR 38.60/MWh this morning, before strengthening to 39.30, 15 eurocents above yesterday’s settlement.A Swedish trader believes the market was pushed down by short traders this morning, and is convinced that now is a perfect opportunity to enter long positions.“What we know for sure, is that the coming five days will be dry. In the end of the period,
Dienstag, 4.10.2005, 11:18 Uhr
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