UK GAS Long: ABC Correction Done - Uptrend Resume

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SUMMARY: Long, large ABC correction played and retested the daily 50 EMA with uptrend resumption.

The price jumped on news Germany cancelled the certification process, Gas reserves in Europe remain low.

Downward pressure on Gas' climb has been offset by Oil's price decline (positive correlation) - which looks to be a temporary drop.

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ملاحظة

Another UK energy company has gone bankrupt.

independent.co.uk/news/business/bulb-energy-administration-bust-update-b1962107.html