More high-pressure weather and little precipitation delivered during the weekend lifted prices this morning. “But we are getting close to the level where we usually turn back,” a Norwegian trader said.
- It’s “politically correct” to go bearish around this level, and the upside might need some help here. With today’s dry outlooks the forecasts could very well turn wetter again, while the bullish assistance could be the spot. There are a few more NOK to go until we get to 240/242 NOK/MWh, however, and sooner or later we’ll break out of the range. As long as the hy
Montag, 22.03.2004, 12:50 Uhr
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