A weekend short of rain and continuous dry forecast pushed the market further up on Monday. Too far, many felt, and prices started to head south again during morning hours trading. Summer 03 is now trading just above Friday’s close at NOK/MWh 232.00 after opening as high NOK 236 in the OTC market.
The strong bullish movements from last week continued this morning with the SO-03 opening at NOK 235.50 at Nord Pool, the highest price since 17 March. “Forecasts are very dry, and we had less than expected precipitation this weekend. But the Monday system price is not strong enough to support a further increase, and many may have found it sensible to cash in on their long positions at th
Montag, 7.04.2003, 11:57 Uhr
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