Attention, opening the radiators could cost us dearly-proiezionidiborsa.it

The war in Ukraine has landed many in a new world: fear of a third world war, but also skyrocketing electricity and gas bills. Everyone’s concern was for this winter that started a few days ago. How much will it cost to heat our homes? How will the elderly and the most economically fragile people do? Few know what awaits us for our heating in this cold winter. Let’s find out why perhaps many fears have no reason to be.

Skyrocketing gas and oil have brought corporate accounts, people’s and household budgets to their knees all over the world. Governments have repeatedly intervened in support. Even our Meloni government on several occasions has allocated sums and planned bonuses to help those who have gone into difficulty.

They have arrived at the critical hour: the cold begins and many had already “bandaged their heads” for some time, stocking up on blankets and duvets to warm up without opening the radiators. All to find out if this will be a freezing season or not. Oh yes, be careful opening the radiator knob this winter could cost us dearly! Fear is really ninety to use a term in vogue these days for all those who play bingo. But is it really so? Perhaps not everyone knows that the price of our heating depends on whether the natural gas listed on the Stock Exchanges rises or falls in some parts of the world.

Many have stocked up on blankets to keep warm

Many have stocked up on blankets to keep warm-proiezionidiborsa.it

The cold this year is even more scary!

When our bills went up it was only because at that moment the price of energy, or oil and gas, was increasing. Therefore, the price of our heating will increase or decrease as a result of the rise or fall of the gas! The proportion should be direct, but this is not always the case. Sometimes times dilate for various reasons concerning the “link” that binds producers and distributors. For example when on the news they tell us that the price of oil has gone up or down, while petrol at the distributor is always high or continues to stay low!

Natural gas forecasts. Attention open the knob of the radiators! Will it really be like this?

Predicting a rise or fall in gas can be done by studying the graph of its prices. In 2022, natural gas reached a minimum of 4.636 and a maximum of 11.085. Cyclically the prices during the year tend to increase from April to the August/October quarter. It was like this again this year, despite the strong surge. After the 200-month moving average was touched around the annual highs, a sudden descent began, drawing decreasing lows and highs (bearish trend). The last price was at 5.079, and this seems to be heading towards the important support in the 4.475 area (marked in December 2021). At the moment those who are afraid of the increase in gas could sleep peacefully and above all heated dreams. Only a return above 7.21 would cause prices to shoot up, but at the moment it seems hardly credible

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