V2-03 continued up this morning, trading last at NOK/MWh 265.25 (+2.75), on thin volumes. Players powernews.org spoke to this morning contributed the rise to dry forecasts, but they found the upside limited.
- We are in a rising trend with contracts approaching strong resistance levels, NOK 270 for V2-03 and NOK 220 for Year 04. I don’t think prices will pass these levels before the summer. The market has turned more bearish now, and I believe we will see spot prices drop below NOK 200 in the weeks ahead. A delivery price of NOK 180 on weeks 29-31 is probable. That is also likely to push the
Donnerstag, 3.07.2003, 11:56 Uhr
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