Two things are certain, Natural Gas tears faces off punters and dribblers, Natural Gas futures never does what is expected. Natural gas futures fell Monday another 8%, Last week it fell -9.94%, down -27.22% for the month and -48.27% year on year reflecting a combination of an oversupplied market and TTF futures in Europe touching €49.5 a megawatt-hour on Friday. We discuss what is going on and the outlook.
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On the anniversary of Russia’s invasion of Ukraine Natural gas is at near 3-year lows, not what was expected by 98% a year ago. Germany was rocked by the Energy crisis and its reliance on cheap Russian gas. The disastrous bailout of German gas giant Uniper SE is just one think we discuss.
Trust you all had a great day, sleep well and get your trading plan sorted.
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