The market continues down on Wednesday after the wetter forecasts from yesterday afternoon was confirmed and strengthened this morning. One player believed the Year 05 contract will soon test the support level at 247 NOK/MWh.
– I put today’s fall solely to more damp forecasts. But they are not wet enough to justify a larger fall than we have seen in the curve today. At the moment, the forwards seem to be priced at a reasonable level, a Swedish trader said.The winter contract, V1-05, has traded in a 270-272.50 range today, well below yesterday’s peak of 279. The trader believes it is natural
Mittwoch, 13.10.2004, 11:52 Uhr
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