With continued dry and cold weather outlooks, the morning market was lifted. The market remains sceptic to going long though, but with high German prices in addition to a worsening hydrological balance, a Swedish trader argued that we could now be closing in on a bad bull trend. A trader at a Norwegian production company denied that there is a gigantic upside ahead, but acknowledged that things look a little scary.
V1-04 traded up to 347.50 NOK/MWh before falling back a notch this morning. The weather forecasts are dry and cold, and according to the Swedish trader it could be too late to see any significant inflow now.- German prices are high so we don’t get any significant imports, the hydrology is worsening and it could be too late to get noteworthy amounts of inflow ahead. Nearing November
Mittwoch, 15.10.2003, 11:56 Uhr
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