The front and V2-03 contract opened marginally up, due to slightly drier weather forecasts. A change of mind took place, a gentle downside was introduced, and the autumn contract fell towards yesterday’s low. All in all the morning was a mixed séance, and players we spoke with were not convinced that we have entered the big bear trend.
They nevertheless believed that there is room for some more downside, and that the system price would weaken. Some 0.7-0.8 TWh was delivered the last 24 hours, less than forecast but more than normal. The market is in bearish mood, but a Swedish player argued that it is more complex to interpret the present than what meets the eye. “Technically we are in a bearish state here, but fundamen
Donnerstag, 15.05.2003, 12:02 Uhr
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