The Nordic forward market is trading sideways this morning. Players describe the market as quiet, and in need of some new input. Q1-06 has been traded in a EUR 39.10-39.60 range so far this morning, last changing hands at 39.35, up 19 cents from yesterday.
“The market is moving sideways within a narrowing range, while waiting for new signals. Other markets are moving in different directions, but in my opinion, the development primarily depends on the weather,” says Morten Nilsen at Bergen Energi. He comments that the hydrological balance is good, and given similar weather conditions as we have seen this autumn, prices will turn
Donnerstag, 1.12.2005, 11:36 Uhr
Redaktion
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