The week started off with falling prices seeing increasing instability in the weather outlooks, but also a strong Monday spot. “And it is oversold in the short-term,” a Swedish trader argued.
A Norwegian trader considered the high-pressure situation weakened, but pointed out that so far very little precipitation had been delivered.– The setting this morning was bearish with forecasts not too unlike Friday and the autumn consequently fell five NOK. The spot remains strong, however, and the squally weather changes by the hour, so the present fall looks like an overreactio
Montag, 16.08.2004, 11:40 Uhr
© 2024 Energie & Management GmbH
