Activity has been very high in the market on Thursday with a turnover of over 5,000GWh before noon. Prices opened down from yesterday and market players powernews.org has been in contact with consider today’s movements to be a correction to the long-lasting uptrend, and a response to wetter forecasts for next week.
The Winter2 contract never managed to break through the NOK 176 technical resistance level yesterday after testing it during the morning hours. The contract fell throughout the afternoon, closed at NOK 174.75, and opened today further down at NOK 172.25. During morning hours the W2-02 is still trading below opening levels.Over the topA Norwegian player argued that to
Donnerstag, 22.08.2002, 12:18 Uhr
Olav Vilnes
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