The Tuesday market was lifted with weather forecasts pointing towards lower temperatures. Possibly the spot has reached the bottom for now, traders said, but held chances open that there is still more to take out on the downside. Reports of little snow in the mountains keep coming in, and the price regime after the melting keeps the market uncertain.
The thin morning market was lifted a few NOKs, but there was little spectacle over the summer contract trading up to 224 NOK/MWh. The bear trend remains intact until it revisits the 229/230-level, and traders today are not convinced of the further developments. Bullish and bingoA Swedish trader said the morning’s movements could be the beginning of a new jou
Dienstag, 25.03.2003, 12:06 Uhr
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