The Wednesday morning market was quiet, and V1-04 traded first up to 411 NOK/MWh before it fell below 400 NOK/MWh. Traders characterized the morning as a breather, and expected little to happen before clearer weather indicators are presented and the spot is lifted next week.
As the market seem quite unsure in what direction it should go this morning, a trader at a Norwegian producer held that the momentum had disappeared from the upside, arguing that the spot would have to follow on up with prolonged dry weather outlooks, before the winter contract would lift further. But he also warned against the potential on the downside.- The high pressure looks strong,
Mittwoch, 5.11.2003, 11:38 Uhr
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