CEG | Weekly until price is bellow 21Jan highs, my mid-term operative scenario is at least one more leg-down towards 243-215-190 support zone before moving towards next macro resistance targets
CEG I would like to reiterate my previous comment. While technology advances rapidly, we may be overestimating the increase in energy consumption in the coming years. Although factors such as electric vehicles and data centers will contribute to higher energy usage, it's important to exercise caution and avoid overestimating future demand.
“The experience of the decade to the mid-1980’s is a rough guide to these risks,” according to the research note. The U.S. built more than 200 GW of coal-fired capacity in the two decades leading up to 1987, according to Montana-based Headwaters Economics. “Eventual overbuild of supply resources that are highly capital intensive into less than projected demand” can raise capital costs, drive bill increases and threaten investment recovery, BOA said. “While these outcomes are unlikely in 2025, we do see lessons of what risks to watch for in the longer term.”