The weather outlooks are wet, wet, wet, and the market has as a consequence corrected down towards more fundamental levels. But now precipitation has to deliver, a Norwegian trader said this morning.
The fall has been steep the last trading days, and this morning the autumn contract was traded down toward the significant support level 287 NOK/MWh. The trader argued that the downside had been given such a considerable push because the market generally had been long.– Everyone throws out what they have and some seem to expect a cataclysm of water delivery ahead. Exactly at what l
Mittwoch, 18.08.2004, 12:05 Uhr
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