The Friday market was thin, but saw V1-04 trade through the support level 300 NOK/MWh. Weather forecasts are the same wet and mild ahead, and a Norwegian player believed in a further drop, but held that a correction could be in the coming as well.
The break through 300 NOK/MWh was realized this morning, and the stage is all set for more downside. The next target is the 286/287-level, while the big target is 272/275 NOK/MWh. The contract has fallen some 30 NOK the last week, and from 369 NOK/MWh in two weeks. The market is incredibly bearish and seems to be in general agreement that there is room for more downside, but the Norwegian playe
Freitag, 12.12.2003, 10:30 Uhr
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