The recent escalation has caused widespread power outages and disruptions to the country's energy grid and is reportedly in response to Ukraine’s attacks during the Russian presidential election. The attacks have exacerbated Ukraine's already precarious energy situation, as the country struggles to maintain adequate supplies for domestic consumption and industrial operations.
Prices remain above the 200 day SMA which supports the medium-term uptrend but may require a bullish crossover for sentiment to stack up on the long side.
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