Gazprom price retracement to the fair value

7th October 2023

Synopsis:
Despite the conflict in Ukraine, Gazprom revenue is growing and currently on its historical high while price dropped to the 2016 level in US dollars. Price to the assets including oil subsidiary is on very low level. Large buyers started accumulating position according to Accum/Dist indicator.

Entry: 1st- 1.5 USD (160 RUB), 2nd - 1.12 USD* (113 RUB)
Target 3.0 USD (300 RUB) and above
Duration: 180d

* Potential new lower low in USD based on historical rubble price

ความคิดเห็น:

Duration is 260d