Weather forecasts remain wet, inflow is high, precipitation is delivered, the spot is weak so not surprisingly; the market is bearish. The Sunday spot was fixed at this year’s all time low, and V2-03 ignored its support levels on the grand tour on the downside. “Very bearish,” a Norwegian trader stated. “It’s because of the Swedish situation,” an analyst said.
Last week’s bearish trend was no less bearish this Monday morning, as the autumn contract fell like a rock through its 234 support level. “The next level is 200 NOK/MWh,” the Norwegian trader maintained, and pointed to the fierce production competition that has started.“The inflow in northern and central Sweden has given the producers a real fight. In addition to
Montag, 19.05.2003, 11:27 Uhr
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