The Friday market was in a bullish mood, and V2-03 lifted some 5 NOK on drier weather outlooks and the expectations of a strong spot next week. A temporary bottom may have been reached, but players don’t seem to believe in a break out of the range yet.
As prices have sagged down over the last few days, Friday took a bullish leap and V2-03 was lifted back to the 260s. The high-pressure build-up and drier weather outlooks combined with the fear of a strong system price next week made players reconsider their short positions before the weekend. According to a Norwegian trader we could see a further lift this afternoon, and the strength seen this
Freitag, 9.05.2003, 11:41 Uhr
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