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Energie & Management > Commentary - Market - Put your helmets on
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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.
A Norwegian trader believed the high pressure is reliable, and saw a further upside. The combination of a blocking high and a strong spot pulled the V2-03 contract up through its all time high this morning, so also the YR-04 contract which lifted to 248.50 NOK/MWh. Players argued that next week the chances are better on the upside than on the downside. The power of high
Freitag, 1.08.2003, 11:33 Uhr
© 2024 Energie & Management GmbH
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E&M  Commentary
Montag, 4.08.2003, 11:22
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.
Energie & Management > Commentary - Market - New nightmare on El Street?
Montag, 4.08.2003, 11:22
E&M  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.
mehr
E&M  Commentary
Donnerstag, 31.07.2003, 11:23
Market - Tricky, but down?
V2-03 opened up this morning, but fell back in a thin morning market and traded down to 305 NOK/MWh at the lowest. A trader at a Norwegian production company characterized the market as “tricky,” but expected the next weeks delivered lower than today’s price-level, V2-03 to continue correcting down and argued that it was just accidental that the Nordic region missed the greenhouse effect last year. “Last winter is priced into this winter,” he said.
Energie & Management > Commentary - Market - Tricky, but down?
Donnerstag, 31.07.2003, 11:23
E&M  Commentary
Market - Tricky, but down?
V2-03 opened up this morning, but fell back in a thin morning market and traded down to 305 NOK/MWh at the lowest. A trader at a Norwegian production company characterized the market as “tricky,” but expected the next weeks delivered lower than today’s price-level, V2-03 to continue correcting down and argued that it was just accidental that the Nordic region missed the greenhouse effect last year. “Last winter is priced into this winter,” he said.
Energie & Management > Commentary - Market - Put your helmets on
zurück
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.
A Norwegian trader believed the high pressure is reliable, and saw a further upside. The combination of a blocking high and a strong spot pulled the V2-03 contract up through its all time high this morning, so also the YR-04 contract which lifted to 248.50 NOK/MWh. Players argued that next week the chances are better on the upside than on the downside. The power of high
Freitag, 1.08.2003, 11:33 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
mehr
E&M  Commentary
Montag, 4.08.2003, 11:22
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.
Energie & Management > Commentary - Market - New nightmare on El Street?
Montag, 4.08.2003, 11:22
E&M  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.
mehr
E&M  Commentary
Donnerstag, 31.07.2003, 11:23
Market - Tricky, but down?
V2-03 opened up this morning, but fell back in a thin morning market and traded down to 305 NOK/MWh at the lowest. A trader at a Norwegian production company characterized the market as “tricky,” but expected the next weeks delivered lower than today’s price-level, V2-03 to continue correcting down and argued that it was just accidental that the Nordic region missed the greenhouse effect last year. “Last winter is priced into this winter,” he said.
Energie & Management > Commentary - Market - Tricky, but down?
Donnerstag, 31.07.2003, 11:23
E&M  Commentary
Market - Tricky, but down?
V2-03 opened up this morning, but fell back in a thin morning market and traded down to 305 NOK/MWh at the lowest. A trader at a Norwegian production company characterized the market as “tricky,” but expected the next weeks delivered lower than today’s price-level, V2-03 to continue correcting down and argued that it was just accidental that the Nordic region missed the greenhouse effect last year. “Last winter is priced into this winter,” he said.

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