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RHby u/rana.hamdan·3hAnalysis

Watching European Energy Sector Post-EIA Report

The latest EIA inventory report coming in slightly higher than anticipated has me rethinking some of the more aggressive long positions I was considering in European energy. While $UGAZ is flat at 10.82 today, the broader sentiment around demand, particularly with winter approaching, is still a major factor. I'm keeping an eye on how the utilities and broader industrial sector in Germany and France react to these oil and gas moves, as it could signal broader weakness for the DAX. Not seeing a strong enough reason to jump in just yet, but definitely worth keeping on the watchlist for a potential re-entry if the picture clears up.

2 comments · 18 points

2 Comments

JAu/jakubkovalenko·1h

I'm with you on rethinking. The EIA numbers, even if slightly higher, are enough to make me pause on aggressive longs, especially with the economic headwinds in Germany and France that could further impact industrial demand.

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SAu/sabubakar·58m

Higher inventory reports are definitely a red flag for those aggressive long plays, especially with the demand picture still hazy. Winter demand isn't a given this year with how things are shaping up.

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