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Marktkommentar Nordic

Market - Rainspotting

The Wednesday market opened around yesterday’s close, but was brought somewhat down again during relatively thin morning trading. Resistance is strong at NOK 157, support likewise at NOK 155, but as we are moving towards a spot crack, a breakthrough on the downside is imminent, an international trader stated this morning. A trader with a Norwegian producer saw Winter2 down at NOK 153/152 before the weekend.
There seems to be nothing stopping the low pressures these days, and hence the market is in a bearish state of mind. The lowering of levels that paused yesterday afternoon is relentlessly on its way down, players agree this morning. Spot collapse An international trader we spoke with today was of the opinion that with all the p
Mittwoch, 10.07.2002, 12:36 Uhr
Sara Fagernes
© 2024 Energie & Management GmbH
Sara Fagernes
Sara Fagernes
Mehr zum Thema
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E&M  Marktkommentar Nordic
Donnerstag, 11.07.2002, 12:26
Market - Lack of faith
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.
Energie & Management > Marktkommentar Nordic - Market - Lack of faith
Donnerstag, 11.07.2002, 12:26
E&M  Marktkommentar Nordic
Market - Lack of faith
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.
mehr
E&M  Marktkommentar Nordic
Dienstag, 9.07.2002, 12:13
Market - Starting bear heaven?
The Tuesday market continued its trip down, and the autumn contract broke through the NOK 155 support level. As expected, however, it became tricky to trade much lower than NOK 155, to get a breakthrough confirmation. A trader with a Norwegian producer pointed out that the trend has been unambiguously bearish lately, but he nonetheless argued that it could be difficult to bring Winter2 much lower right now.
Energie & Management > Marktkommentar Nordic - Market - Starting bear heaven?
Dienstag, 9.07.2002, 12:13
E&M  Marktkommentar Nordic
Market - Starting bear heaven?
The Tuesday market continued its trip down, and the autumn contract broke through the NOK 155 support level. As expected, however, it became tricky to trade much lower than NOK 155, to get a breakthrough confirmation. A trader with a Norwegian producer pointed out that the trend has been unambiguously bearish lately, but he nonetheless argued that it could be difficult to bring Winter2 much lower right now.
Energie & Management > Marktkommentar Nordic - Market - Rainspotting
zurück
Marktkommentar Nordic
Market - Rainspotting
The Wednesday market opened around yesterday’s close, but was brought somewhat down again during relatively thin morning trading. Resistance is strong at NOK 157, support likewise at NOK 155, but as we are moving towards a spot crack, a breakthrough on the downside is imminent, an international trader stated this morning. A trader with a Norwegian producer saw Winter2 down at NOK 153/152 before the weekend.
There seems to be nothing stopping the low pressures these days, and hence the market is in a bearish state of mind. The lowering of levels that paused yesterday afternoon is relentlessly on its way down, players agree this morning. Spot collapse An international trader we spoke with today was of the opinion that with all the p
Mittwoch, 10.07.2002, 12:36 Uhr
Sara Fagernes
© 2024 Energie & Management GmbH
Sara Fagernes
Sara Fagernes
Mehr zum Thema
mehr
E&M  Marktkommentar Nordic
Donnerstag, 11.07.2002, 12:26
Market - Lack of faith
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.
Energie & Management > Marktkommentar Nordic - Market - Lack of faith
Donnerstag, 11.07.2002, 12:26
E&M  Marktkommentar Nordic
Market - Lack of faith
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.
mehr
E&M  Marktkommentar Nordic
Dienstag, 9.07.2002, 12:13
Market - Starting bear heaven?
The Tuesday market continued its trip down, and the autumn contract broke through the NOK 155 support level. As expected, however, it became tricky to trade much lower than NOK 155, to get a breakthrough confirmation. A trader with a Norwegian producer pointed out that the trend has been unambiguously bearish lately, but he nonetheless argued that it could be difficult to bring Winter2 much lower right now.
Energie & Management > Marktkommentar Nordic - Market - Starting bear heaven?
Dienstag, 9.07.2002, 12:13
E&M  Marktkommentar Nordic
Market - Starting bear heaven?
The Tuesday market continued its trip down, and the autumn contract broke through the NOK 155 support level. As expected, however, it became tricky to trade much lower than NOK 155, to get a breakthrough confirmation. A trader with a Norwegian producer pointed out that the trend has been unambiguously bearish lately, but he nonetheless argued that it could be difficult to bring Winter2 much lower right now.

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