(powernews.org) - The weak market continues from last week, and the downtrend is very much intact as Summer02 popped down to say hello to NOK 124 this morning. More precipitation than average has kept pouring into the system each week, and for now it appears that there is no end to the slide, an international trader said this morning. He argued that the very good hydro balance eventually will result in a much lower spot, and export is now becoming precarious.
A lot of back and forth trading is expected this week, whereas what could limit the downside ahead is the increased frequency of incidences popping in, the trader reasoned. Hooked on a reelingWeather prognoses continue to take levels down this Monday, and Summer02 touched below NOK 125 during morning hour trading, and the southern trend i
Montag, 25.02.2002, 12:15 Uhr
Sara Fagernes
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