Wet forecast, falling futures and stable forwards characterises the market on Wednesday. A Swedish trader argued this morning that the forwards should follow the weeks down in the long term, but that such movements could be delayed if the forecast rain isn’t delivered. An analyst argued that falling coal prices and a weak dollar are also contributing to keeping prices down.
As for Tuesday, a hesitant mood rules in the market as players are careful not to believe in forecast of heavy precipitation from tomorrow onwards. – All May we have been presented with wet forecast that haven’t been materialised. I think players now are waiting for the rain to actually be delivered, a Swedish trader said this morning.The trader argued for a short-term bull s
Mittwoch, 22.05.2002, 12:08 Uhr
Sara Fagernes
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