The forward contracts kept their value gained on Monday this morning, while the weeks dropped back to Friday´s levels, and the overall view is that there is no sure direction today as weather forecasts are unsure. Technically the market looks strong, and the possibilities of drier weather next week contributes to strengthening the market, a Swedish trader said.
Since hitting a low on Friday, arrows have pointed up in the forward market with the new focal point, Winter02, climbing from NOK 157.50 to the NOK 165 area. Uncertainties connected to the weather makes the market a mixed bag today, however, but a Swedish trader argued that the market looks strong technically, and that the fundamental situation also points toward a more bullish scenario with th
Dienstag, 30.04.2002, 12:07 Uhr
Sara Fagernes
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