In Europe a strong energy crisis is being lived as it has not happened for a long time. Gas prices have shot after Russia reported that Norstream will close indefinitely for “an oil leak”, all this after a rebound was recently lived in which many investors have sought to get out of their positions in the stock market.
These movements anticipate a decrease close to 3% that would jeopard This upward hypothesis would be canceled only losing the 3,450 points of Eurostoxx ”, this according to the Ecotrader advisor, Joan Cabrero.
Cabrero also adds the following “in this case, there would only be the hope that Eurostoxx 50 tried to form a land among the minimums established in July in the area of 3,300-3,400 points, something that would fit with a return of the Eurostoxx 50 to the minimum of March”, also commenting that “the Dax is about to test the support of the 12,300/12.400 points. The door to a probable fall to the 11 points, which would be the area analogous at 3,000 of Eurostoxx and that if it happened we would be in favor of putting the second foot on the stock market and using the ammunition we have in the form of liquidity to buy ».
The energy crisis threatens the European stock market supports
All this has caused the community currency to have reached a new minimum after it arrived in the area of the 99 cents per euro, something that had not happened for more than 20 years, something that marks the strong crisis that Europe is living which is increasingly aimed at an economic recession.
The OPEC will meet to decide the next movements before this crisis that the old continent is going through, since in the last dates it has been speculating with the possibility that a cut in the production of crude oil for the coming months has been announced again, something that gained strength after the Ministry of Energy of Saudi Arabia commented that they would go in that direction.
Currently, oil is bouncing in just over 2% and is approaching $ 95 per barrel of Brent, a price that is getting closer to its historical maximums.