Market Insight

DAILY MARKET REPORT – 27/02/2024 A bounce seen in yesterdays session to kick the week off – likely in response to the market enjoying a series of bearish sessions pushing to long term low points – and resistance being tested. Yesterday we launched our new YouTube channel with our initial video…

DAILY MARKET REPORT – 26/02/2024 Some small further downside seen to end the week as we edge closer towards the end of the winter delivery period with impressive levels of storage still being held and a temperature outlook that remains relatively close to seasonal normal. Later today we will launch…

DAILY MARKET REPORT – 23/02/2024 Another downward day yesterday as the market once again tests the lows not seen for some time, and manages to set new low points. Temperature wise, the latest long term forecasts show little change with a bit of a dip below seasonal normal for the…

DAILY MARKET REPORT – 22/02/2024 A fairly flat session seen yesterday with tiny movements across our followed contracts. Yesterday saw the TTF Front Month contract settle at €23.98 (from €24.17) and the NBP Front Month contract at 59.12p (from 59.29p). Karsto remains on unplanned outage this morning and we see…

DAILY MARKET REPORT – 21/02/2024 A small uptick in yesterdays session as some of the Norwegian assets slow production slightly. As mentioned yesterday, we’re currently sat at price levels not seen for some time so these levels will be tested, however the underlying picture seems to be that we could…

DAILY MARKET REPORT – 20/02/2024 A bearish session to get the week underway, pushing values to new lows. The latest long term temperature runs show seasonal normal to now be expected until mid-March before dipping below – an improved outlook from recent forecasts as we look towards the end of…

DAILY MARKET REPORT – 19/02/2024 A slight dip to end the week in Fridays session, undoing the tiny gains seen on Thursday. A warm week expected this week, before temperatures are expected to dip to and just below seasonal normal for the remaining days of the month. Friday saw the…

DAILY MARKET REPORT – 16/02/2024 A level outcome in yesterdays session with very little movement to the previous at the end of the day. The latest temperature runs are largely unchanged with some warm days ahead before dipping just below seasonal normal for the final few days of February. Into March,…

DAILY MARKET REPORT – 15/02/2024 A small further downward move in yesterdays session as markets seek to get comfortable with new levels amidst coming to the end of winter delivery. Outlook remains unchanged with temperatures expected to remain close to seasonal normal for the remaining weeks of winter delivery, EU…