The Tuesday market opened with some new initiative on the upside, but corrected down several NOKs during morning hour trading as spot expectations for Wednesday are bearish due to rising temperatures. Profit taking was on the agenda this morning as well, while all attempts to knock the market off its feet failed, and V1-03 was brought back to a 286 NOK/MWh level.
One trader said that having arrived at the current levels, which are unfamiliar to most players, the market is destined for volatile times. He maintained that the fundamental situation is at a deadlock, pointing for ever higher prices. PeanutsAs the morning market was brought down several NOKs, expectations were that tomorrow’s spot would be fixed significantl
Dienstag, 12.11.2002, 12:15 Uhr
Sara Fagernes
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