MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI BRIEF: BOC Saw Little Need For A 50BPs Rate Cut

BOC DID NOT SERIOUSLY CONSIDER A 50BP RATE CUT- MACKLEM

CORRECTED-MNI BRIEF: Brazil's Inflation Rises To 5.06% In Feb

MNI China Daily Summary: Wednesday, March 12

MNI BRIEF: China To Boost Environmental Equipment Industry

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF NATGAS TECHS: (H5) Bull Cycle Remains In Play

TTF NATGAS TECHS
Commodities TechCommoditiesEnergy BulletsBulletPower BulletsEnergy Technical Analysis
  • RES 4: €61.73 - 2.00 proj of the Oct 31 - Nov 22 - Dec 16 swing  
  • RES 3: €60.00 - Round number resistance
  • RES 2: €59.61 - 10% 10-dma envelope
  • RES 1: €59.39 - High Feb 11
  • PRICE: €55.19 @ 13:10 GMT Feb 11
  • SUP 1: €52.12 - 20-day EMA     
  • SUP 2: €48.88 - 50-day EMA 
  • SUP 3: €43.32 - Low Jan 10 
  • SUP 4: €39.06 - Low Dec 16 and a key support

A bull cycle in TTF Gas futures remains intact. The positive start to the week reinforces current conditions. The break higher maintains the price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting positive market sentiment. Prices are through €59.05, a Fibonacci projection, opening the €60.00 handle next. On the downside, initial firm support to watch lies at €52.12, the 20-day EMA.

142 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: €61.73 - 2.00 proj of the Oct 31 - Nov 22 - Dec 16 swing  
  • RES 3: €60.00 - Round number resistance
  • RES 2: €59.61 - 10% 10-dma envelope
  • RES 1: €59.39 - High Feb 11
  • PRICE: €55.19 @ 13:10 GMT Feb 11
  • SUP 1: €52.12 - 20-day EMA     
  • SUP 2: €48.88 - 50-day EMA 
  • SUP 3: €43.32 - Low Jan 10 
  • SUP 4: €39.06 - Low Dec 16 and a key support

A bull cycle in TTF Gas futures remains intact. The positive start to the week reinforces current conditions. The break higher maintains the price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting positive market sentiment. Prices are through €59.05, a Fibonacci projection, opening the €60.00 handle next. On the downside, initial firm support to watch lies at €52.12, the 20-day EMA.