Day ahead prices are now trading at too higher a level. The combination of supply problems in the UK specifically in nuclear plant and the possible supply squeeze created by the UK having to export to France who are also having supply issues is creating a nasty prompt price squeeze. This is stopping any bearish activity along the curve as traders site the prompt as the main reason for buying forward. Admittedly we are now seeing a sell off at the very back end of the curve as oil returns to backwardation.