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Energie & Management > Commentary - Nordic Market - Profit-taking in bullish market
Commentary

Nordic Market - Profit-taking in bullish market

The weather outlooks remained dry this morning and prices were lifted to new altitudes. Prices fell a little during the forenoon session as players were taking profit, however, but traders maintained that 300 NOK/MWh is the next level.
- This morning players took profit, but taking the upside step by step I won’t be surprised at all if the autumn comes up to 300 NOK/MWh. That could happen already tomorrow given the right weather input. Today I doubt that we’ll see prices much higher as the present has become a little afraid of heights after yesterday’s somewhat panicky buys. At some point we will encounter t

Mittwoch, 2.06.2004, 11:57 Uhr
Energie & Management > Commentary - Nordic Market - Profit-taking in bullish market
Commentary
Nordic Market - Profit-taking in bullish market
The weather outlooks remained dry this morning and prices were lifted to new altitudes. Prices fell a little during the forenoon session as players were taking profit, however, but traders maintained that 300 NOK/MWh is the next level.
- This morning players took profit, but taking the upside step by step I won’t be surprised at all if the autumn comes up to 300 NOK/MWh. That could happen already tomorrow given the right weather input. Today I doubt that we’ll see prices much higher as the present has become a little afraid of heights after yesterday’s somewhat panicky buys. At some point we will encounter t

Mittwoch, 2.06.2004, 11:57 Uhr

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