After yesterday’s significant lift, the market opened up again this morning before starting its return to NOK 160. A trader with a Norwegian producer told powernews.org today that the fundamental situation is strong, and argued that the strength in the market seen the last couple of days seems temporary. The likelihood of higher amounts of precipitation again soon is definitely present, he stated.
The expectations of a confirmation of drier weather helped lift the market the way it did yesterday, along with players trigging a bullish market sentiment. This morning the lift was more modest, and the correction back to NOK 160ish was not long in coming. Today players raise the question whether we are now going to see a revisit of NOK 155, or whether NOK 164 is the next level the autumn cont
Mittwoch, 24.07.2002, 11:59 Uhr
Sara Fagernes
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