In a dull, non-liquid morning market the forward contracts and the nearest weeks were lifted a notch, as the currently soaked parts of Scandinavia could finally be blessed with some drier weather. Players do not believe in a change of the weather trend, however, and an Oslo based trader argued that a few dry days could not reverse what has already been delivered.
After a long period with bear signals only, weather forecasts today presented prospects for drier weather conditions. The market hence opened up a couple of NOKs this morning, but the overall impression seems to be that players do not believe in a change of the weather before it is confirmed. Lack of faith Although t
Donnerstag, 11.07.2002, 12:26 Uhr
Sara Fagernes
© 2024 Energie & Management GmbH