The market has corrected south this morning seeing the summer back at 226 NOK/MWh. Forecasts remain dry and cold though, and market players argue that today’s movements are largely the result of players cashing in on their long positions.
The summer contract opened up at 231 NOK/MWh in the OTC market this morning, but it soon turned south, heading towards the 225 level.- I am surprised that the market didn’t continue up. There are no fundamental reasons for the drop, so it has to bee down to profit taking and possibly some stop losses later on. The market should continue up. 10-day forecasts are dry and are likely t
Mittwoch, 25.02.2004, 11:31 Uhr
© 2025 Energie & Management GmbH