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Energie & Management > Commentary - Market - Careful bears waiting for more
Commentary

Market - Careful bears waiting for more

The Thursday market was clearly but hesitantly down from the weak Wednesday close, and V2-03 traded down to 256 NOK/MWh during the morning session. Weather forecasts are wet, the downside predicted the entire week is about to be realized, but interested buyers remain at 256/257 NOK/MWh.
As yesterday’s trend was maintained this morning, the autumn contract broke through the 260-level and gapped down some 4 NOK at open. Traders we spoke with this morning were not exactly surprised, but argued that the sentiment remains awaiting and that there are buyers at the 256/257-level.Falling A Swedish trader said today that the market is waiting for more

Donnerstag, 8.05.2003, 11:58 Uhr
Energie & Management > Commentary - Market - Careful bears waiting for more
Commentary
Market - Careful bears waiting for more
The Thursday market was clearly but hesitantly down from the weak Wednesday close, and V2-03 traded down to 256 NOK/MWh during the morning session. Weather forecasts are wet, the downside predicted the entire week is about to be realized, but interested buyers remain at 256/257 NOK/MWh.
As yesterday’s trend was maintained this morning, the autumn contract broke through the 260-level and gapped down some 4 NOK at open. Traders we spoke with this morning were not exactly surprised, but argued that the sentiment remains awaiting and that there are buyers at the 256/257-level.Falling A Swedish trader said today that the market is waiting for more

Donnerstag, 8.05.2003, 11:58 Uhr

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