The weather outlooks were turning towards a less bullish scenario this morning, and the market corrected down a couple of NOK. Traders said today that prices most likely would not continue higher in the times ahead either.
A Norwegian trader considered the present overpriced, maintaining that there is more to do on the downside when temperatures start to increase.- As the high-pressure build up is not a blocking one after all, the market naturally corrects down today. Fundamentally the market is way overpriced as it is and the premium currently is too high. But, the chilly weather has decelerated inflows a
Dienstag, 25.05.2004, 11:42 Uhr
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