European gas traders entered rhinos in the unusual season – that prices will receive approximately 50% of the summer – as they look at the following fuel.
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Trading, counter-carrying a common news pattern of a higher market value of the winter gas value than the summer, emphasizes to ensure that prices may not increase as fear of inconvenience. Investment funds have already forced Wagers of Wagers in Intercontinental Excel Inc. next to the top-time top.
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The betting loss of European electrical prices are met until the € 80 ($ 82.50) Megaawatt hour for sale last week, according to Bloomberg. The Benchmark’s future has received about 15% since the first year around the € 55, trading near the highest two years in the immediate disease.
Chilly and quiet conditions in all of Europe when reducing the air power and increases gas use in this winter, leaving more plans for half compared to 69% last year. As a result, the delivery gas has been selling for the following winter contracts, making purchases before the next temperature. The European authorities are rushing to find a solution, and Italy brought auction to the auction to complete the resources and market manager in a German market discussing potential funding.
“Europe now has a return curve, meaning sellers will not keep it,” said Francisco Blanch, Commodity Strategist Strategist bank of the United States Corp. “In some ways, Europe has a huge impact on that you have to fill in 90%, so there is no value to storage.
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Europe has had to rely on the import of natural gas variables because the Russian pipe flows in Ukraine and stopped at the beginning of this year. That is forcing higher district prices and keeping energy debts are proposed, and will likely harm the stock efforts during the warm month.
Part of the stock season and meets the maintenance season in all people in Norway, one of the top electric vendors. While works are the usual form of gas areas during the summer – when demand usually decreases – the statistics are high as this time the last levels are low.
The last week series include 3,000 july-80/100 Spread Calls, July-September 700 – 80 Butterflies, and some 3,000 can call calls. This volume is rare in the market that usually sells the surrounding lots around 200 or more of a piece. Aggregate Call Open New Hit Peak Peak Pay last week, while putting open interest back from November height.
If you look at other things, natural trading worldwide, with the CME Group Inc.’s Henry Hub Volume options access the record in January. New York, coffee call and place open interest is higher than two years as Arabica’s future strikes longer. It is interesting that a call skew was reduced from mid-December even as pricing numbers above $ 4 pound.
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However, some such things as gold spots the basement of the stellar, as the higher steady flower keeps flexibility silenced. And Change of unclean oil changes and geopopolitical turmoil has left prices with spots.
Gold and silver may not be much better in temporary activities, Darwei Kung, the DWS Group, observed commercial advisers.
“Obviously, NAT’s gas movement is very important,” said Kung, adding that good looks and wrong has been driving prices high and down. “” That kind of short-term variations often drive those goods to the most popular CTA merchants than the temporary goals. “
-In help in Yvonne Yue li.
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