The Tuesday morning market fell another couple of NOK, seeing the wet and mild weather outlooks. The summer contract traded down to 207 NOK/MWh at the lowest, and a Norwegian trader argued that the fact that prices didn’t fall more on the morning’s forecasts is a sign that it won’t break 200 NOK/MWh yet.
Skiing is becoming a less obvious activity the next couple of days as temperatures increase and snow is turning into rain. But despite the warmish outlooks, prices did not come down all that much this morning. A Swedish trader argued that fundamentally things are very bearish but the technical support levels are strong and frequent in the current price area.- We have the fundamentals aga
Dienstag, 3.02.2004, 11:45 Uhr
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