Forward prices are heading south this morning on the back of wet forecasts. Players believe the most likely outcome is a breakthrough below the present support area of 268 NOK/MWh on the V1-05 contract.
- The V1-05 is in a narrow 268-275 range. It failed to break through on the upside yesterday when the spot price turned out weaker than many had expected. Today the contract is testing the 268 level. If it breaks through, it may trigger some stop-losses, a Swedish trader said.A Norwegian trader believed a breakthrough on the downside is the most likely scenario this week. – The res
Dienstag, 19.10.2004, 11:28 Uhr
© 2024 Energie & Management GmbH