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Vintage 2020 large Nordic Hydro – a bullish trend in the making?

Friday, 26 July 2019

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The last couple of days we have seen renewed buying interest for Nordic Hydro. This goes for all vintages, but especially for vintages 2020 – 2022, the prices have surged.

We published an article on Tuesday where we took a closer look at vintages 2018 and 2019 from a technical perspective. Today we take a look at 2020-production.

We can see from this diagram that the 2020-vintage has traded higher than the moving average (SMA 9 weeks) this week. From a trader’s perspective, this is a bullish signal. However, the signal is not yet very strong. If vintage 2020 keeps on trading higher, the SMA 9 might eventually cross SMA 18 from below. Then we h...

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