Short term view - ENI : The moving average is supporting prices.
The trend is still bullish, the invalidation level is below €14.650. The target is at €16.920.Arguments :
- Prices have pulled back to the major support level (previously a resistance). The rise is now resuming.
- The moving average is supporting prices.
Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
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