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.

Yorum:

Overextended prices have pulled back after profit taking.