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Energie & Management > Commentary - Market - New nightmare on El Street?
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Commentary

Market - New nightmare on El Street?

With the continued dry weather outlooks the Monday market gapped up in a way not seen since last winter. V2-03 was up 36.50 NOK, at 370 NOK/MWh at open, before the contract traded down to 355 NOK/MWh in a thin morning market. “This level becomes price driving in itself, seeing liquidity drop and nervousness increase. But it is much too early to speak of a crisis,” a Norwegian trader said.
A Swedish player’s spontaneous comment was: “Too much up.” Both players agreed that the price lift last week and today has been too big and too soon. The fundamental analyses show a very different price-level than the actual at the moment, and the Norwegian trader said that the present autumn price is possibly 100 NOK too high. The Swedish player argued that the fact that
Montag, 4.08.2003, 11:22 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
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E&M  Commentary
Dienstag, 5.08.2003, 11:49
Market - Level of consolidation
The Tuesday market opened down with the less dry weather forecasts, and V2-03 traded in a 340-350 NOK/MWh range. The market remains thin and nervous, however, and according to a Swedish trader it is not ready for a downside, but has possibly entered a phase of consolidation. “But the trend is clear,” he stated, and was supported by a Norwegian player.
Energie & Management > Commentary - Market - Level of consolidation
Dienstag, 5.08.2003, 11:49
E&M  Commentary
Market - Level of consolidation
The Tuesday market opened down with the less dry weather forecasts, and V2-03 traded in a 340-350 NOK/MWh range. The market remains thin and nervous, however, and according to a Swedish trader it is not ready for a downside, but has possibly entered a phase of consolidation. “But the trend is clear,” he stated, and was supported by a Norwegian player.
mehr
E&M  Commentary
Freitag, 1.08.2003, 11:33
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
Energie & Management > Commentary - Market - Put your helmets on
Freitag, 1.08.2003, 11:33
E&M  Commentary
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
Energie & Management > Commentary - Market - New nightmare on El Street?
zurück
Commentary
Market - New nightmare on El Street?
With the continued dry weather outlooks the Monday market gapped up in a way not seen since last winter. V2-03 was up 36.50 NOK, at 370 NOK/MWh at open, before the contract traded down to 355 NOK/MWh in a thin morning market. “This level becomes price driving in itself, seeing liquidity drop and nervousness increase. But it is much too early to speak of a crisis,” a Norwegian trader said.
A Swedish player’s spontaneous comment was: “Too much up.” Both players agreed that the price lift last week and today has been too big and too soon. The fundamental analyses show a very different price-level than the actual at the moment, and the Norwegian trader said that the present autumn price is possibly 100 NOK too high. The Swedish player argued that the fact that
Montag, 4.08.2003, 11:22 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
mehr
E&M  Commentary
Dienstag, 5.08.2003, 11:49
Market - Level of consolidation
The Tuesday market opened down with the less dry weather forecasts, and V2-03 traded in a 340-350 NOK/MWh range. The market remains thin and nervous, however, and according to a Swedish trader it is not ready for a downside, but has possibly entered a phase of consolidation. “But the trend is clear,” he stated, and was supported by a Norwegian player.
Energie & Management > Commentary - Market - Level of consolidation
Dienstag, 5.08.2003, 11:49
E&M  Commentary
Market - Level of consolidation
The Tuesday market opened down with the less dry weather forecasts, and V2-03 traded in a 340-350 NOK/MWh range. The market remains thin and nervous, however, and according to a Swedish trader it is not ready for a downside, but has possibly entered a phase of consolidation. “But the trend is clear,” he stated, and was supported by a Norwegian player.
mehr
E&M  Commentary
Freitag, 1.08.2003, 11:33
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
Energie & Management > Commentary - Market - Put your helmets on
Freitag, 1.08.2003, 11:33
E&M  Commentary
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.

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