Prices were lifted at open this morning, but fell back during the forenoon session. The high pressure over Scandinavia the next days could be short-lived, but according to a Swedish trader, forecasts really pointed in both directions this morning.
– Very little has happened on the weather front since yesterday, but if you like, you can choose the GFS if you’re bear or the EC if you’re bull. But it was time for a correction today, and there is a small battle being fought here which is purely technical. Fundamentally I see no good reason for lowering prices today, and we consider the market currently as neutral to up.
Donnerstag, 2.09.2004, 12:23 Uhr
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