The Friday market was in a relatively neutral state of mind after the significant correction yesterday, and players argued that the uncertain weather forecasts are the reason for this. And while the nearest products were lifted this morning, the forwards were all in red. A continued climb seems to be expected next week, however, as the current forecasts are not wet enough and the system price is expected to be strong, players said this morning.
OverreactionThe market lifted at open without much new information and it seems to be commonly held that we should see a stronger market again on Monday, with expectations of a strong system price. The precipitation forecast is not enough to bring this down, an international trader said today, who argued that the drop yesterday was an overreaction.
Freitag, 11.10.2002, 12:02 Uhr
Sara Fagernes
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