Fundamentals Point to status quo

03 May 2005

Power keeps on rocking.

Power prices remained at similar levels, to the last couple of weeks. These highs appear to be staying as fundamentals stay at current levels. Oil gas and emissions have settled down with some selling pressure. But the pressure is short lived with a predominance of bulls, still in the market. As time pushes on, the bulls will go to pasture. The real question is when will the bears come down from the mountain. The prompt still remains reasonably high with a number of UK outages in some nukes. Perhaps when they the Nukes come back the bears may come back.


Electricity  Carbon  Gas  Oil  Nuclear  Bull Market 

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