23rd January 2013 | Posted by: Sarah Cooper | Market Analysis
With no real change on the fundamental gas picture yesterday, technical rebound pushed the European spot and near curve prices higher. Today should see fundamentals staying more or less the same - with the UK NTS demand edging up slightly compared to yesterday’s level. The main price driver should be the mild weather forecast for next week. Regarding power, we are expecting spot prices to rise until the end of the weekend - with the weather expected to warm around then. The milder weather we are forecast for next week should ease pressure on price levels.