Nuclear revisions and the durability of a high pressure will decide market developments next week, according to Scandinavian traders. – The comfortable fundamental situation should not indicate a large upside on the Winter2, but I won’t rule out the possibilities of a financially driven rise, a Norwegian trader said.
The market has swung upwards this week with the nearest Weeks gaining almost NOK 10 from last weeks close, and the major forward, Winter2, rising above NOK 173 after closing at NOK 166.75 last Friday.- I am not so sure whether prices will continue up next week. Much depends on the weather as forecast seems to disagree. The AVN predicts a low pressure coming in on Wednesday and Thursday,
Freitag, 31.05.2002, 12:03 Uhr
Sara Fagernes
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