February 13, 2025 13:28 GMT
TTF NATGAS TECHS: (H5) Corrective Pullback
TTF NATGAS TECHS
- 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: €59.39 - High Feb 11 and the bull trigger
- RES 1: €54.56 - Intraday high
- PRICE: €51.25 @ 13:17 GMT Feb 13
- SUP 1: €50.50 - Intraday low
- 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. However, the latest pullback and today’s strong sell-off, highlight a corrective phase. The contract has traded through the 20-day EMA and attention turns to pivot support at the 50-day EMA - at €49.15. A clear break of this average would undermine a bullish theme and signal scope for a deeper retracement. Key resistance and the bull trigger has been defined at €59.39, the Feb 11 high.
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