Most contracts in the Nordic power market opened above yesterday’s close and has continued to head north during the morning trading hours. All signals are bull and yesterday’s fall was only a minor correction, according to market players.
“After such a great rally upwards it’s only normal that a minor correction comes along. However, in my opinion, this was only a temporary dive and we are now on our way up again. Prices will not fall back until the bull signals turn to bear” says a representative of a large producer. A Norwegian trader also argues for a further uptrend: “German power is expensive
Mittwoch, 6.07.2005, 11:37 Uhr
Redaktion
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