The Friday market continued to correct, and dropped another few NOKs as weather forecasts are wetter and milder. To see a change of the big trend, the weather-shift must be confirmed next week, however, and a Norwegian trader argued that the weak resource situation can receive quite a lot of precipitation before we should cancel a high-price scenario this winter.
Technically the market would have to correct much more before the longer bulltrend can be characterized as over. Monday one confirmation has to arrive, while Tuesday will be even more decisive. The short-term view has opened up for more downside now, however, as the fall yesterday and today has been rather significant. WeatherThe wet weather forecasts have brought fe
Freitag, 18.10.2002, 11:46 Uhr
Sara Fagernes
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