With the recent focus on Europe and it's energy dependence on Russia I thought to highlight an ETF I think could work out on a longer timescale. The EU currently relies on Russia for about 40% of it's natural gas . With the recent war by Putin I think European countries will start 1) start rethinking on who they get their natural gas from 2) start moving towards...
MACD reaching levels that hasn't been touched since Feb/March lows. I see momentum taking us to newer highs, with a new trend higher into the rest of the year.
PBW could be consolidating above the current support level but further upward momentum from here will take time. Waiting on a resumption back up - but for now am not holding PBW.