Following on from yesterdays news item, it is clear that some buyers have seen Sum 06 fall to £38 and this is almost too good to be true, there is no doubt that if you were to take Sum 05's average price and add in emissions costs it would not be too far away from the magical £38 number, so this seems a sensible ploy. Many will look at buying Summer 06 nearer expiry in February and March, but one suspects that if the WInter is late and cold (which it looks like being) this could be a big mistake. There has been a good bearish run on the Summer and although it may well come down a bit further buying now is a lot less painful than buying at the highs of £55 seen earlier on in the year.