I decided to analyze the natural gas as the winter is coming soon, for Europe.
I didn't use NYMEX:NG1! because as we all know the Europe relies heavily on Russian natural gas, which I think might be a better indicator for predicting the natural gas in Europe, especially in Germany.
As I was researching, I have drew out some Elliot waves based on my personal opinion. Seems like there is more extension incoming for natural gas, and I DO NOT think the Fed, or the ECB would stop their Monterey tightening. Thus, I doubt CPI in Europe could be well soon, and I do think a BAD energy crisis is arriving, soon.
Feel free to share & comment, and let me know your ideas.
I didn't use NYMEX:NG1! because as we all know the Europe relies heavily on Russian natural gas, which I think might be a better indicator for predicting the natural gas in Europe, especially in Germany.
As I was researching, I have drew out some Elliot waves based on my personal opinion. Seems like there is more extension incoming for natural gas, and I DO NOT think the Fed, or the ECB would stop their Monterey tightening. Thus, I doubt CPI in Europe could be well soon, and I do think a BAD energy crisis is arriving, soon.
Feel free to share & comment, and let me know your ideas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.