The Tuesday morning market fell several NOK, seeing that yesterday’s high was modified. V1-04 was traded back towards 300 NOK/MWh, and a Norwegian player argued that prices would continue steadily down. A Swedish trader considered the future overpriced as well.
The likelihood of continued warm and wet weather is equal to a change to a more high-pressure dominated weather type in today’s EC, the Norwegian player pointed out, and believed the market would continue to fall little by little in the times ahead.- In the long-term view the trend is unambiguously down, and yesterday’s correction was only natural after the long fall we have
Dienstag, 16.12.2003, 11:53 Uhr
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