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.
Other traders argue that with the current reservoir contents and forecasts, we could see the autumn fall towards NOK 145. Soon. Raindrops keep pouring The rain keeps pouring down over vital parts of Scandinavia, and the market follows through on the lack of sunny days. And as the trend continues to point south, this morning’s trading reach
Dienstag, 9.07.2002, 12:13 Uhr
Sara Fagernes
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