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Tez8
Nov 21, 2021 10:45 AM

UK GAS Long: ABC Correction Done - Uptrend Resume Long

UK NBP Natural Gas FuturesICEEUR

Description

SUMMARY: Long, large ABC correction played and retested the daily 50 EMA with uptrend resumption.

The price jumped on news Germany cancelled the certification process, Gas reserves in Europe remain low.

Downward pressure on Gas' climb has been offset by Oil's price decline (positive correlation) - which looks to be a temporary drop.




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