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NATURAL GAS

TTF Lower As EU Agree Joint Purchases but Not Price Cap

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Expiries for Nov25 NY cut 1000ET (Source DTCC)

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CABLE TECHS
CABLE TECHS: Bears Need Close Below $1.3858
*RES 4: $1.4069 High Feb 26 
*RES 3: $1.4060 Daily Bear channel top off 2018 high 
*RES 2: $1.3997 High Feb 27 
*RES 1: $1.3940 Hourly resistance Feb 27
*PRICE: $1.3899 @ 0530GMT
*SUP 1: $1.3858 Low Feb 22 & 27 
*SUP 2: $1.3794 Low Feb 12 
*SUP 3: $1.3771 55-DMA 
*SUP 4: $1.3731 Low Jan 15
*COMMENTARY: Bears take comfort in the lack of follow through on pops above the
21-DMA ($1.3993) with the pair looking a little heavy as a result. In saying
that, bears continue to look for a close below $1.3858 to reconfirm initial
focus on $1.3720-71 where the 55-DMA is located. Layers of resistance have
accumulated and add to bearish confidence. Bulls continue to look for a close
above $1.4150 to shift focus back to $1.4286-1.4349.

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