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Commentary

Market - In trading mood

The afternoon market lifted with the system price, fixed at 229.30 NOK/MWh (+2.00). Weather forecasts were slightly drier this afternoon too, and V2-03 was up to 239 NOK/MWh. All in all the contract traded back and forth the entire day with incredible volumes, close to 2,500 MW at NP close.
“Today’s high volumes are just traders trading back and forth. The lift was caused by the marginally stronger spot and drier weather, and although the trend is down, I think the autumn contract is some 15 to 20 NOK underpriced,” a Norwegian trader declared. The German spot is strong, and the Nordic is expected to strengthen ahead as well, he stated. Another trader disag
Dienstag, 20.05.2003, 15:50 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
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E&M  Commentary
Dienstag, 20.05.2003, 11:29
Market - Rain, pain and gain
Signs were given yesterday afternoon that a correction could come today. V2-03 opened slightly down, but was lifted back above the 234 NOK/MWh level and traded up to 236.75. The weather forecasts remain very wet, so the lift is applied to profit taking. The fall has been fast and extensive, and players said this morning that the correction is simply a natural reaction of how steep it has been lately. And believed that it would continue down.
Energie & Management > Commentary - Market - Rain, pain and gain
Dienstag, 20.05.2003, 11:29
E&M  Commentary
Market - Rain, pain and gain
Signs were given yesterday afternoon that a correction could come today. V2-03 opened slightly down, but was lifted back above the 234 NOK/MWh level and traded up to 236.75. The weather forecasts remain very wet, so the lift is applied to profit taking. The fall has been fast and extensive, and players said this morning that the correction is simply a natural reaction of how steep it has been lately. And believed that it would continue down.
Energie & Management > Commentary - Market - In trading mood
zurück
Commentary
Market - In trading mood
The afternoon market lifted with the system price, fixed at 229.30 NOK/MWh (+2.00). Weather forecasts were slightly drier this afternoon too, and V2-03 was up to 239 NOK/MWh. All in all the contract traded back and forth the entire day with incredible volumes, close to 2,500 MW at NP close.
“Today’s high volumes are just traders trading back and forth. The lift was caused by the marginally stronger spot and drier weather, and although the trend is down, I think the autumn contract is some 15 to 20 NOK underpriced,” a Norwegian trader declared. The German spot is strong, and the Nordic is expected to strengthen ahead as well, he stated. Another trader disag
Dienstag, 20.05.2003, 15:50 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
mehr
E&M  Commentary
Dienstag, 20.05.2003, 11:29
Market - Rain, pain and gain
Signs were given yesterday afternoon that a correction could come today. V2-03 opened slightly down, but was lifted back above the 234 NOK/MWh level and traded up to 236.75. The weather forecasts remain very wet, so the lift is applied to profit taking. The fall has been fast and extensive, and players said this morning that the correction is simply a natural reaction of how steep it has been lately. And believed that it would continue down.
Energie & Management > Commentary - Market - Rain, pain and gain
Dienstag, 20.05.2003, 11:29
E&M  Commentary
Market - Rain, pain and gain
Signs were given yesterday afternoon that a correction could come today. V2-03 opened slightly down, but was lifted back above the 234 NOK/MWh level and traded up to 236.75. The weather forecasts remain very wet, so the lift is applied to profit taking. The fall has been fast and extensive, and players said this morning that the correction is simply a natural reaction of how steep it has been lately. And believed that it would continue down.

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