Yesterday’s downward correction continued this morning with the autumn contract opening down at NOK 255 in the OTC market. During morning hours, V2-03 has climbed back towards the NOK 260 level, but remains below yesterday’s closing price.
According to an international trader, yesterday afternoon’s fall – triggered by a wet forecast - is a clear indication that the potential is great on the downside.- The fact that the market traded down 8 NOK on one wet forecast yesterday indicates that the market is inflated and nervous. It is thin at the top, and it may be dangerous to be caught long now, he said.Acco
Mittwoch, 2.07.2003, 11:49 Uhr
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