The forwards market dropped towards strong support levels this morning, with the Year 05 contract dipping below 251 NOK/MWh for the first time in more than two weeks.
– The forecasts are wet, but we are also reaching crucial support levels. I think neither the V1-05 nor the Year 05 will drop any further today, said a Norwegian trader.The V1-05 opened at 264.25 this morning, and was last traded at 263 (-2.50). The Year 05 last changed hands at 250.75 (-1.75).Stable– We have been in a stable price pattern for some
Dienstag, 9.11.2004, 11:11 Uhr
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