Dutch Gas: Long, going over €200 + Massive Economic damage to EU
Updated
SUMMARY: Long, Dutch Gas will go well over €200 shortly because of massive Gas shortages and storage across Europe are emptying.
Double bottom and W pattern - Technical target is €280 per MWH
Energy prices approaching 10x long run average. EU industry will become globally uncompetitive , especially manufacturing countries like Germany , Poland et al.
Sweden and other countries may need to shut down steel production at these prices.
It will mostly likely trigger economic unrest through Europe, like Greece protests in 2008.
Double bottom and W pattern - Technical target is €280 per MWH
Energy prices approaching 10x long run average. EU industry will become globally uncompetitive , especially manufacturing countries like Germany , Poland et al.
Sweden and other countries may need to shut down steel production at these prices.
It will mostly likely trigger economic unrest through Europe, like Greece protests in 2008.
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