The autumn contract continued down to the technical support level 302.50 NOK/MWh this Thursday morning. “The market has been bough up fiercely this week, so it was time to unload before the weekend,” a Norwegian trader argued.
– A lot of positions were unloaded yesterday and the selling down to the technical level 302.50 NOK/MWh continued this morning. I don´t think we´ll see prices lower than that today, however. Less precipitation than forecast was delivered yesterday, but nuclear production in Sweden is back up and the spot should come down quite a lot for Friday. During the weekend it should be fixed in the
Donnerstag, 24.06.2004, 11:47 Uhr
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