The Tuesday market opened correcting down, helped by weather outlooks pointing towards a possible low-pressure scenario at the end of the period, but mainly due to the great Monday gap. Traders today argue in favour of a strong spot ahead, however, along with an underlying bulltrend that lifts the autumn contract back to NOK 175/176.
Still strongToday’s drop is regarded as a correction from yesterday’s lift, and while the weather trend remains dry for the current week, the possibility of a weather-trend change is nearing. For the time being the system price remains strong, however, and next week it should shoot above 150 NOK/MWh, according to a Norwegian trader:- Monday and Tuesday next
Dienstag, 4.06.2002, 12:16 Uhr
Sara Fagernes
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