Apparently this years Summer will be squeezed into one day July 15th, with it being a Sunday it is fair to say that demand will not be that high. So players can rest easy on the possibility that a heat wave will cause demand and supply to converge to create the squeeze in the market many predicted. In fact it is now looking as if sellers who have been holding back volume for the squeeze are beginning to off load it. For buyers this is good news and suggests that perhaps the rest of Summer will see a slow steady slide in prices much like last year. The likelihood is the slide will be fr more gradual, with Summer 08 unlikely to trade much below £30 and Winter 08 if it pushes below £40 then a series of retail buyers will enter into the market.

So at this stage it is not a bad time to set budgets and forecasts and look at the historical trends and assess if it is worth dipping a toe in the market soon.