The SO-05 contract has tested the strong support level of 159-160 NOK/MWh this morning and was last traded at 158.75 at Nord Pool. A low Friday spot and confirmed mild and wet weather forecasts keep pushing the down trend.
The market sentiment is down, helped by a confirmation of wet and mild weather forecasts this morning. The EC 00 model is now quite equal to the other models, showing as much as 6.9 TWh for the next 10 days. “We won’t see the summer climb above 166 NOK/MWh now for some time. The front is falling as long as it’s not cold. I’d say Monday the market will continue down&
Freitag, 4.02.2005, 12:10 Uhr
Redaktion
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