The week opened by breaking through the NOK 160 level, and players held this morning that the push through was implemented with support from the fundamentally driven future contracts, some of which were down several NOKs. The westerly weather trend remains intact for the period ahead, steering the market into a continued bearish sentiment.
The fundamental powerThe autumn contract is now setting its eyes on the NOK 156 level, which is considered “interesting” by one trader. He argued that the power for the downside is fundamentally driven: - As we should fall to NOK 156 we’ll encounter the first support level. The market has been very technically driven la
Montag, 1.07.2002, 12:01 Uhr
Sara Fagernes
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