The market fell several NOK this Monday morning, as high amounts of precipitation have been delivered in the right places and more water is on its way. “It looks like autumn has started,” a Swedish trader said.
A Norwegian trader agreed, and argued that prices were likely to continue down with the current low pressure activity. – Now is the time to sell since everything points in favour of the downside. During the weekend we have had precipitation delivered in the right places in the west and the spot is not going to strengthen. Consequently the forwards drop some 5 NOK.No
Montag, 30.08.2004, 11:45 Uhr
© 2024 Energie & Management GmbH