The Wednesday morning market fell another couple of NOK, seeing that the high pressure is giving way for more normal weather. A Swedish trader characterized the market as notoriously bearish, and a Norwegian player considered the present 230 NOK/MWh level as the possible top of the new trend.
- The outlooks this morning were wetter than yesterday, although not very wet, but it now seems as we are going to get some westerly weather. Players threw in their long positions yesterday, while those who went short yesterday are taking profit here. 230 is a tricky level though, and it is difficult to say what price the summer will be traded at until we get to the snow melting, and 212 to 240
Mittwoch, 10.03.2004, 12:16 Uhr
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