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Energie & Management > Commentary - Nordic Market - Driven by hydrology
Commentary

Nordic Market - Driven by hydrology

The market opened down on soaking wet forecasts, but has later strengthened and is being traded above yesterday’s closing prices. The most important impetus right now is the hydrological development, market players say.
“The forecasts are extremely wet today, and mild as well. Prices have come off a lot the last few days, however I do not expect a large drop today, since it is Friday. But next week, I see a downwards potential for the entire curve based on the fact that prices rose sharply last week and the change in the weather conditions during the week,” says a trader inSweden.“Sinc

Freitag, 13.01.2006, 11:30 Uhr
Redaktion
Energie & Management > Commentary - Nordic Market - Driven by hydrology
Commentary
Nordic Market - Driven by hydrology
The market opened down on soaking wet forecasts, but has later strengthened and is being traded above yesterday’s closing prices. The most important impetus right now is the hydrological development, market players say.
“The forecasts are extremely wet today, and mild as well. Prices have come off a lot the last few days, however I do not expect a large drop today, since it is Friday. But next week, I see a downwards potential for the entire curve based on the fact that prices rose sharply last week and the change in the weather conditions during the week,” says a trader inSweden.“Sinc

Freitag, 13.01.2006, 11:30 Uhr
Redaktion

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