Germany has a problem
Energy will be in focus for the near term as China, India and Lebanon all face shortages.
A cold winter in Europe could be a real concern. Here are the current gas storage levels in Germany. Notice how low they are.
Natural gas till holding near term daily support. This is a key level for now marked on the chart. That will need to break lower to give confidence in last week’s ‘blow off’ top actually being a blow off top.