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electricity future mcxit have taken spot on trendline and reversed now isalmost remking another trendline , can play long in it looks like it
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The Price of Freedom: NS2 pipeline cf German base energy pricesThe Nord Stream 2 runs through the Baltic Sea from the St Petersburg region (Russia) to Baltic Coast in north-east Germany. It can transport 55 billion cubic metres of gas per year from Russia to Germany, enough to power 26 million homes for a year. Europe's total consumption of Russian gas per year
Short
Germany is toast....if electricity prices are not coming down quickly. Reminder: In August the EU is banning russian coal imports, at the end of the year the country's last nuclear plants shut down.
UK Base Electricity Prices Decision time.
Hopefully this finally rolls over.
Will certainly skew inflation data
Credit Kevin Woodsworth (@Northstar69) for the idea.
S
Wait what??Last post (for today) in the context of my sporadic coverage of the european energy debacle. The chart displays the German baseload future for electricity deliverable in February and the development is absolutely insane. What in the what is the market pricing in here?? A russian invasion? Omicron re
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Displays a symbol's price movements over previous years to identify recurring trends.