Natural gas prices in Europe jumped sharply by 20%, despite the fact that the main indicators of supply and demand remained almost unchanged. On Monday, the cost of a thousand cubic meters of gas in Europe immediately increased by 24%, exceeding $320.

Such a sudden surge may indicate that the market has reached its minimum and traders are actively increasing their positions, expecting further growth. At the same time, it is important to note that a change in the direction of the trend can lead to unexpected changes in the long-term forecasts and strategies of players in the gas market.

However, over the past two days, the price of gas has not been able to stay so high and already this morning fluctuated at the lowest level in the last 26 months, falling to $265 per thousand cubic meters.