Bull sightings getting rarer

08 January 2007

The markets continue to fall and this suggests that levels may well have further to fall.

The market continued to fall today, with bulls becoming scarcer and scarcer. The markets are in a relentless downward spiral, and this is partly due to the mild weather, the abundance of gas and the availble spare capacity in the UK power market.

In reality almost all the fuel commodities are falling, traders have started the year in bearish mood. The theory that life of time lows have been reached and that bulls should reappear has been knocked on the head, with fuel fundamentals looking very cheap.

Analysis of the UK market shows that gas emissions oil and coal are all under further bearish pressure and whilst buyers may well buy at this stage it is unlikely that the market is going shoot dramatically back up unless something odd happens.


Gas  Coal  Bear Market  Weather 

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