After testing the downside earlier in the week, the market is heading back north this morning. A Norwegian trader said today’s lift is a reaction to dry forecasts next week, when he expects the market to continue up. A Swedish trader was more uncertain about developments next week as he found no fundamental news that should indicate a strong up trend.
- It’s bull again today. Dry forecasts for next week have now been confirmed three days in a row and with a weaker hydrological balance prices should continue up next week. I expect a lift in the system price above NOK 180 next week, and the Winter2 will be lifted accordingly, the Norwegian trader said.The Winter2 contract was briefly traded below NOK 180 yesterday, but closed at N
Donnerstag, 5.09.2002, 12:02 Uhr
Olav Vilnes
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