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Energie & Management > Commentary - Market - The power of the trend
Commentary

Market - The power of the trend

The Tuesday morning market was lifted to 368.50 NOK/MWh, and the bulltrend was confirmed and clear. Dry weather outlooks, technical levels broken through and a strong spot are not exactly signs of weakness, and although seeing the morning peak fall back, players were not eager in arguing against the trend. “It’s powerful,” one of them said.
Sellers arrived at the technically perfect 268ish-level this morning, after seeing V2-03 crash trough resistance levels at 263 NOK/MWh and 265.50/266 NOK/MWh without opposition. But too thin for too muchA Norwegian trader said the market was too thin for the huge lift at open, and while the lift yesterday was expected, today was less realistic due to the lack of b

Dienstag, 1.07.2003, 12:03 Uhr
Energie & Management > Commentary - Market - The power of the trend
Commentary
Market - The power of the trend
The Tuesday morning market was lifted to 368.50 NOK/MWh, and the bulltrend was confirmed and clear. Dry weather outlooks, technical levels broken through and a strong spot are not exactly signs of weakness, and although seeing the morning peak fall back, players were not eager in arguing against the trend. “It’s powerful,” one of them said.
Sellers arrived at the technically perfect 268ish-level this morning, after seeing V2-03 crash trough resistance levels at 263 NOK/MWh and 265.50/266 NOK/MWh without opposition. But too thin for too muchA Norwegian trader said the market was too thin for the huge lift at open, and while the lift yesterday was expected, today was less realistic due to the lack of b

Dienstag, 1.07.2003, 12:03 Uhr

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