Choose Natural gas (UK) – severance of relations with Russia deprives Europe of freedom of maneuver in the gas market Natural gas (UK) – severance of relations with Russia deprives Europe of freedom of maneuver in the gas market
"The weather conditions of next winter, the specifics of shale gas production and transportation increase the risks to Europe's energy security"
The UK is a key re-exporter of natural gas to Europe, whose prices also affect domestic gas prices. The recent bombing of Ukrainian gas storage facilities does not inspire Europe's confidence in the reliability of gas supplies from Russia, if necessary, which increases the risks of the energy balance.
TAKE PROFIT
The corrective movement from mid-November 2023 to the end of February 2024 ended with strong support and prices turned up. The nature of the growing local movement indicates a trend, not a rebound to a fall, which increases the likelihood of further growth. We believe that the gas price will continue to rise towards the target of 85 pounds (+12% of the current price of 76 pounds).
STOP LOSS
Do not forget about risk management. The price of natural gas is one of the most volatile instruments and is at multi-year lows, which increases volatility. If the price is fixed below 70.5 pounds, then the forecast for gas growth is canceled. A stop order can be placed at 73.7 pounds (-3% of the current price of 76 pounds).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
