Short term view - SNAM RETE GAS : The moving average is supporting prices.
The trend is still bullish. No indicator nor pattern are questioning it. The invalidation is below €4.060. The target is at €4.400Arguments :
- The resistance has been passed.
- The moving average is supporting prices.
Snam is engaged in the construction and integrated management of natural gas infrastructure. It manages the gas systems, develops infrastructure and provides integrated services for the market. Co. is also engaged in natural gas transportation, storage, regasification and urban distribution. Co. manages a national transportation network, including eight storage facilities, one regasification plant and a local distribution network.
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