The market has taken a breathing space on Wednesday with most contracts correcting down on yesterdays strong close. Warmer weather should press the system price further down, but there is nothing fundamental indicating a change to the strong bull trend, market players say.
“Today’s correction is nothing more than you would expect after two days of strong growth. The market will now catch its breath before resuming the up-trend”, a Norwegian trader said.He said warmer temperatures, causing some 30 GWh less consumption in the exchange area tomorrow, should push the system price down. But forecasts are colder again for next week, and there
Mittwoch, 13.11.2002, 12:00 Uhr
Olav Vilnes
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