Nordic forwards are rising on the back of crude oil on Tuesday morning, but traders doubt that technical resistance levels for Year 10 will be broken on current fundamentals.
The front year last changed hands at EUR 40.65/MWh, up EUR 0.55 on Friday's settlement, having fetched EUR 41.00/MWh earlier in the session. The front quarter rose more moderately, last seen up EUR 0.15 at EUR 36.75/MWh.
On Monday, the Nordic power market was closed due to a holiday, creating a large pressure for rising prices on Tuesday morning in the wake of bullish signa
Dienstag, 2.06.2009, 10:52 Uhr
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