The Wednesday market opened up in the middle of the correction that is taking place. The recoil that started yesterday is predicted to continue for at least another day. The movement up from yesterday’s Summer02 lowest at NOK 116 to this morning’s high at NOK 124 has been self-reinforcing, assisted by a dry end prognosis, a Norwegian trader said.
Players do not doubt that the long downtrend remains intact, however, as the hydrological situation is very good and re-pricing of water must take place eventually. A Swedish trader agreed that the long trend is unmistakably down, while a correction up to NOK 126 should be expected.CorrectingWith the abrupt turnaround yesterday, the market followed on up during m
Mittwoch, 6.03.2002, 12:27 Uhr
Sara Fagernes
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