Buying interest picked up this morning following yesterday’s sharp fall and today’s weak opening. “I think much of the downside potential has already been taken out this week, and that prices will flatten out and perhaps lift slightly later in the week", said a Norwegian player.
Yesterday saw new big downward movements in the market, and the Summer 03 tested new lows this morning trading at NOK 194. That is NOK 116 lower than its peak on 2 January underlining that January has been a bearish month so far. “The trend has definitively turned. There are plenty of sellers while the buyers are waiting on the sideline for prices to fall further. Movements though
Dienstag, 21.01.2003, 12:12 Uhr
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