Prices continue to tend to the bottom of the range

10 August 2007

Markets steady as the situation next week looks to see players try another sustained push down to new levels.

Players have been rattled by the recent volatility seen in the FTSE and equity markets and many players are looking to cut risk positions for this they are taking profits and so we have seen oil fall aggressively this week, and we could see further falls. Gas markets have been responding to usual fundamnetals but technicals show that recent rallies up have been short lived and lacking in volume. This suggests that the tests to the upside are looking weaker and the sellers are looking to test the downside more and more.

The sellers will need an excuse to push the market South and oil and emissions maybe the catalyst which sees both European and UK gas and power markets fall across the board.

 


Carbon  Bear Market  Finance  Volatility 

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