Gas price corrections are nearing completion

18 October 2022 257
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Gas prices, unable to hold support at 7.6, are close to fully form a "head-and-shoulders" pattern. There is one last target left at the bottom as summer minimums just a bit above the 5.3 level.

 

The current off-season, when gas for air conditioning is almost no longer needed and temperatures in the U.S. are still not low enough to turn on heating, will end in the coming weeks. Then we can expect a new wave of increase in gas prices.

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