The Wednesday market was all bearish, seeing wetter weather outlooks for the period ahead, the system price weakening and that Europe is cooling down. V2-03 traded through the strong 321-support level, and with a close in the 317-area today, tomorrow is set for more downside. A Norwegian trader characterized the 320-level as “interesting.”
The Thursday system price was surprisingly weak, fixed at 317.29 NOK/MWh (-25.96), and is applied to precipitation delivering, around normal values the last 24 hours, and wind. According to the trader the market is collectively keen on seeing prices down, and if the rain in the forecast range delivers, prices are likely to continue down, he said. - It’s quite unpleasant to trade on
Mittwoch, 13.08.2003, 14:47 Uhr
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