The Tuesday market opened down on profit taking and less bullish forecast. But prices have slowly regained strength during morning hours, and a Norwegian trader said today’s opening prices were just a correction to the bull trend, not an end to it.
Many had expected the V2-03 contract to test the NOK/MWh 255 area today, but instead the seasonal bellwether opened down at NOK 249, and reached a low of NOK 247 before bouncing back to NOK 250.- Yesterday’s market went a bit too far. Today we are witnessing a natural correction to that, but I still find it more likely that we will see V2-03 back above NOK 250 than down towards NOK
Dienstag, 24.06.2003, 11:58 Uhr
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