TopgOptions

Natural Gas | European Natural Gas Pipeline Closed Indefinitely

Long
NYMEX:NG1!   Natural Gas Futures
Gazprom, the russian state-owned energy giant, cut indefinitely the flow of natural gas through the Nord Stream 1 pipeline into Germany citing an oil spill in a turbine.

This looks like the weaponization of energy flows by the russian authorities.
Russia will not restart gas supplies to Europe until western sanctions are lifted, official said.

My chart scenario is a triple top formation with short term price target for Natural Gas of $9.5.

Looking forward to read your opinion about it.






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.