Gazprom breaks out Long

Description

⋅ Jun 4, 2021 12:02 PM

Gazprom breaks out of his sideward channel very strong.

It may soon target old highs pre corona pandemic.

Very important news here: dw.com/en/nord-stream-2-biden-says-sanctions-counterproductive-to-us-european-ties/a-57664272

And there seems to be also movement towards russia: time.com/6053298/putin-biden-summit/

So a opportunity cloud be that russia can move more western... but nothing is sure in that case. The nord stream 2 action from Biden is in my eyes an offer to putin for a peaceful future and that could impact Gazprom for sure.

And natural gas is key technology for electric cars, even forbes already shows 2018: forbes.com/sites/judeclemente/2018/01/24/more-electric-vehicles-mean-more-coal-and-natural-gas/?sh=1d250d3d2a37

And with a target to have more electric cars in europe: reuters.com/article/us-climate-change-eu-transport-idUSKBN28E2KM

a need for gas in europe is assumable.