UK Gas Long - Prices will continue to rise into the Winter
SUMMARY: Long, forming an impulsive wave, expect a quick 4th wave correction followed by a 5th wave to the 4.236 Fib Extension
--Technical --
Above all the EMAs and MAs forming Higher Lows.
RSI is overbought suggests a 4th wave pull back is due.
-- Fundamentals --
Under investment into capacity and failure to diversify is causing a price shock.
Also, the EU Carbon Credit scheme is directing investment away from said industry.
We also see Oil prices continuing to rise for similar reasons.
--Technical --
Above all the EMAs and MAs forming Higher Lows.
RSI is overbought suggests a 4th wave pull back is due.
-- Fundamentals --
Under investment into capacity and failure to diversify is causing a price shock.
Also, the EU Carbon Credit scheme is directing investment away from said industry.
We also see Oil prices continuing to rise for similar reasons.
Commentaire:
Up almost 2,700%
