The Friday market was slightly bearish at open, strengthened as players were reorganising their positions, before it fell back with forenoon weather forecasts. Prices have fallen a lot this week, weather outlooks are wet as far as the eye can see, and a Norwegian trader characterized the nearest future as “rotten.” "The next two weeks the upside and the downside have the same potential," NENA said.
“The movement has been significant, but the market has reacted in a sensible way so far. The price fall seems correct, as the autumn contract was much overpriced at 270 NOK/MWh in our opinion,” the NENA analyst stated. WeakThe trader, at a Norwegian production company, said the “flattish” Friday was a breather, and that the market is essential
Freitag, 16.05.2003, 12:02 Uhr
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