A very mild and wet EC forecast sparked a correction in the strong bull market this morning which saw V1-03 opening down 14.75 NOK/MWh from yesterday. Too far, the market decided later, and prices have corrected up again throughout the morning underlining its strength. The early correction though show that players are ready to push the market down and an international trader said this morning that its getting ever more nervous.
- The market has gone from very nervous to even more nervous. The V1-03 contract has lifted enormously in very few days and we may see a reaction of some 50 NOK/MWh if the EC prognosis of wet and mild weather next week is delivered, an international trader said.Strained resources- But on the other hand, we have a cold and wet AVN forecast. If this weather trend cont
Donnerstag, 28.11.2002, 12:13 Uhr
Olav Vilnes
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