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Energie & Management > Commentary - Market - Bullish, but...
Commentary

Market - Bullish, but...

The Friday morning market remained in its bullish sentiment, as weather forecasts are almost identical to the dry and not too mild outlooks from yesterday. In other words, players seem interested in buying before the weekend, but whether the current high pressure will be confirmed on Monday is not at all sure, a Swedish player said.
The trend is bullish, and weather forecasts have continued to lift the market the entire week. The summer contract is up more than 30 NOK since last Friday, and the contract has been lifted out of a range and into a trend this week. If SO-03 is established above the current 231 NOK/MWh level, the next bullish target is 235.50 NOK/MWh. The fact that today is Friday may very well prevent this. Su

Freitag, 14.02.2003, 12:10 Uhr
Energie & Management > Commentary - Market - Bullish, but...
Commentary
Market - Bullish, but...
The Friday morning market remained in its bullish sentiment, as weather forecasts are almost identical to the dry and not too mild outlooks from yesterday. In other words, players seem interested in buying before the weekend, but whether the current high pressure will be confirmed on Monday is not at all sure, a Swedish player said.
The trend is bullish, and weather forecasts have continued to lift the market the entire week. The summer contract is up more than 30 NOK since last Friday, and the contract has been lifted out of a range and into a trend this week. If SO-03 is established above the current 231 NOK/MWh level, the next bullish target is 235.50 NOK/MWh. The fact that today is Friday may very well prevent this. Su

Freitag, 14.02.2003, 12:10 Uhr

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