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This morning the energy regulator OFGEM published its long awaited report on the energy price caps.
CNA were one of the best performers in the energy sector as the result was not as bad as first feared.
Ofgem pegged the limit for how much utilities can charge households on so-called standard variable tariffs at 1,136 pounds ($1,465) a year. That’s about 7 ...
No amount of technical analysis can interpret Centrica's
consecutive Head and Shoulder patterns.
Target from inverse Head & Shoulders 175 - 210. Ex Div 10th May. Div 8.4p
Centrica: Will this be a H&S reversal?
H&S island formed at CNA.
Will there be some substantive news in the future that
causes CNA to gap up as well to complete the Island reversal?
Bearish flag forming on $CNA
Further downside expected.
Centrica continues to trade in a long term down trend. The latest failure at overcoming trend resistance should set the shares up for another test of the recent lows.
We are sellers today targeting a move towards 188p, with a stop at 210p
look for a techncial break
Looking for a breakout?