Seasonal European NatGas is week, but typically in August the rebound starts regarding due to the hedging of winter demand. The chart already shows a potential pattern, i.e. a potential ABC embedded in a channel. If this channel breaks, we might see an increase to 45 €/MWh.
Note
Also not in time in works in some sense. It was indeed the local bottom and the upper target was a short stop in the increase
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.