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Update for those in Europe:
Natural gas prices in Europe surged close to 9,000% (from €3.6 to €339) during 2020–2022. This was a period of high inflation in Europe.
Later, prices declined by 93% during 2022–2023. Since then, they have been range-bound between €22 and €58.
This sideways movement has formed a consolidation range and defined breakout levels.
Today, prices are up 39%—a significant gain. They are approaching an upside breakout level. Those in Europe may want to keep an eye on this.
#NaturalGas #Energy #LNG #OilAndGas #EnergyMarket