A daily closure above the $3.00 level could initiate the next upward phase, especially with the approaching winter and the anticipated rise in demand. Additionally, concerns over supply, particularly in Europe this winter, are crucial elements impacting the market. Recent geopolitical events, such as France's withdrawal from West Africa and the ongoing consolidation of the coup d’état in Niger, have significant implications on the trans-African pipeline and the overall supply chain. The market is gradually accumulating pressure, with a larger “rounding bottom” in progress. A breakthrough above the 200-Day EMA could p ... (full story)