Gas dictates the state of play

17 August 2005

Traders have to remember what selling is, the fundamentals point to some selling but the traders seem reluctant!

The market almost did exactly the same as the previous day with a drop in front months a little rise in back years and all under a cloud of low liquidity. Gas prices did almost exactly the same and oil did very little and so all in all a boring day in the markets. However, in the fine print some will have noticed that Killingholme's second unit, is coming back on line this is another example of where plant will be available in the long term. Somehow, there are fundmentals which are creeping into the market but being truly valued. This will come in due course and though traders have been in the mental state of buying, there are more who are beginning to understand that trading means buying as well as selling. There is certainly value to be gained along the curve.


Generation  Bear Market  Forward Curve 

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