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Energie & Management > Commentary - Market - Tricky, but down?
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Commentary

Market - Tricky, but down?

V2-03 opened up this morning, but fell back in a thin morning market and traded down to 305 NOK/MWh at the lowest. A trader at a Norwegian production company characterized the market as “tricky,” but expected the next weeks delivered lower than today’s price-level, V2-03 to continue correcting down and argued that it was just accidental that the Nordic region missed the greenhouse effect last year. “Last winter is priced into this winter,” he said.
Weather outlooks are normal to dry, while the seasonal reservoirs in the “heavy” parts of Norway are quite so full, some 90%, according to the trader. Precipitation is expected during the weekend, which possibly could lead to increased hydro production and consequently a considerable weakening of the spot Sunday, he argued. Next week would, despite the high pressures embracing Scand
Donnerstag, 31.07.2003, 11:23 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
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E&M  Commentary
Freitag, 1.08.2003, 11:33
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
Energie & Management > Commentary - Market - Put your helmets on
Freitag, 1.08.2003, 11:33
E&M  Commentary
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
mehr
E&M  Commentary
Mittwoch, 30.07.2003, 11:54
Market - More bull, waiting for correction
The Wednesday morning market gapped up, but V2-03 weakened during the morning session and traders argued that a correction could be in the coming. Weather forecasts are dry, however, but “it has become quite airy on these levels,” one of the Norwegian traders said. “Many players would prefer lower prices now,” another argued.
Energie & Management > Commentary - Market - More bull, waiting for correction
Mittwoch, 30.07.2003, 11:54
E&M  Commentary
Market - More bull, waiting for correction
The Wednesday morning market gapped up, but V2-03 weakened during the morning session and traders argued that a correction could be in the coming. Weather forecasts are dry, however, but “it has become quite airy on these levels,” one of the Norwegian traders said. “Many players would prefer lower prices now,” another argued.
Energie & Management > Commentary - Market - Tricky, but down?
zurück
Commentary
Market - Tricky, but down?
V2-03 opened up this morning, but fell back in a thin morning market and traded down to 305 NOK/MWh at the lowest. A trader at a Norwegian production company characterized the market as “tricky,” but expected the next weeks delivered lower than today’s price-level, V2-03 to continue correcting down and argued that it was just accidental that the Nordic region missed the greenhouse effect last year. “Last winter is priced into this winter,” he said.
Weather outlooks are normal to dry, while the seasonal reservoirs in the “heavy” parts of Norway are quite so full, some 90%, according to the trader. Precipitation is expected during the weekend, which possibly could lead to increased hydro production and consequently a considerable weakening of the spot Sunday, he argued. Next week would, despite the high pressures embracing Scand
Donnerstag, 31.07.2003, 11:23 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
mehr
E&M  Commentary
Freitag, 1.08.2003, 11:33
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
Energie & Management > Commentary - Market - Put your helmets on
Freitag, 1.08.2003, 11:33
E&M  Commentary
Market - Put your helmets on
The autumn contract came up to the significant resistance level 321/322NOK/MWh this morning, broke through, and lifted to 326.50 NOK/MWh, seeing the blocking high confirmed and triggering stop losses. The trend is clearly bullish, and the fear of seeing too little precipitation delivered keeps a firm grip on the market this first trading day in August. “Breaking through this level introduces a huge upside,” a Swedish player argued.
mehr
E&M  Commentary
Mittwoch, 30.07.2003, 11:54
Market - More bull, waiting for correction
The Wednesday morning market gapped up, but V2-03 weakened during the morning session and traders argued that a correction could be in the coming. Weather forecasts are dry, however, but “it has become quite airy on these levels,” one of the Norwegian traders said. “Many players would prefer lower prices now,” another argued.
Energie & Management > Commentary - Market - More bull, waiting for correction
Mittwoch, 30.07.2003, 11:54
E&M  Commentary
Market - More bull, waiting for correction
The Wednesday morning market gapped up, but V2-03 weakened during the morning session and traders argued that a correction could be in the coming. Weather forecasts are dry, however, but “it has become quite airy on these levels,” one of the Norwegian traders said. “Many players would prefer lower prices now,” another argued.

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