Friday’s bullish movements were firmly rejected this morning on the back of another unsettled forecast. SO-04 is down 8.25 NOK/MWh, but the market is hesitant to push prices further south.
- The market rose too much on Friday, which may be due to profit-taking before the weekend and some stop-losses in the afternoon. Today we have a natural correction back to prices we had on Thursday and Wednesday last week, a Swedish trader said.His remarks were backed up by a Norwegian trader who said today’s movements were triggered by the fundamentals.- Forecasts are unce
Montag, 12.01.2004, 11:47 Uhr
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