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TTF NATGAS TECHS: TTF GAS TECHS: (H5) Bullish Extension

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: €59.05 - 1.764 proj of the Oct 31 - Nov 22 - Dec 16 swing
  • RES 1: €58.75 - Intraday high                     
  • PRICE: €58.26 @ 13:19 GMT Feb 10
  • SUP 1: €50.84 - 20-day EMA     
  • SUP 2: €48.13 - 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 is intact and today’s positive start to the week  reinforces current conditions. The break higher maintains the bullish price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting positive market sentiment. The focus is on €59.05, a Fibonacci projection. On the downside, initial firm support to watch lies at €50.84, the 20-day EMA.

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  • 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: €59.05 - 1.764 proj of the Oct 31 - Nov 22 - Dec 16 swing
  • RES 1: €58.75 - Intraday high                     
  • PRICE: €58.26 @ 13:19 GMT Feb 10
  • SUP 1: €50.84 - 20-day EMA     
  • SUP 2: €48.13 - 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 is intact and today’s positive start to the week  reinforces current conditions. The break higher maintains the bullish price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting positive market sentiment. The focus is on €59.05, a Fibonacci projection. On the downside, initial firm support to watch lies at €50.84, the 20-day EMA.