The market opened down a few NOK today, but lifted during thin morning trading. The weather forecasts are showing somewhat more low-pressure activity next week, but players are waiting to see precipitation delivered before they take action, also seeing that the market is highly influenced by the Continent and the strong spot.
“But the price curve is untenable,” a Norwegian trader said, who also characterized the present as cruising “in dead water.” The market was in a Friday mood this morning, and turnover was low. Movements were small and familiar, seeing the autumn contract trade around yesterday’s level. The trader believed that the downside is limited for the time being, and see
Freitag, 8.08.2003, 11:46 Uhr
© 2024 Energie & Management GmbH