Update 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.
--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.
Bình luận:
Overextended prices have pulled back after profit taking.
