The warm spring-weather leads the way for the bears, and the summer contract briefly traded below the 220 NOK/MWh-level this morning in an otherwise thin Monday market. Players said there could still be more to come on the downside, but the fall will nonetheless be limited as the weak balance situation holds back.
The summer is set for a new type of volatile market, a Swedish trader argued, while an international trader stated that the present awaiting sentiment could be a warning to not catch a falling knife. With the high temperatures the spot stays weak and the question is how weak it can get. The futures fell again this morning and next week traded down at 2
Montag, 24.03.2003, 12:18 Uhr
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