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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.
NATURAL GAS
TTF options implied volatility continued to rise late in December with the second month volatility up to the highest since late October.
- TTF second month futures implied volatility has risen from around 80% in early December up to 98.2% according to Bloomberg based on ICE data.
- European LNG supply risks from rising Middle East tensions as well as a period of colder weather expected during January are set against strong supplies. Despite the upside risks high underground gas storage levels and LNG volumes at sea are pressuring prices to the downside as LNG imports remain fairly low due to muted European demand.
- Front month TTF futures have today traded at the lowest since Sep 7.
- TTF FEB 24 down -4.9% at 30.78€/MWh
- TTF SUM 24 down -4.9% at 30.73€/MWh
- TTF WIN 24 down -4% at 35.7€/MWh
- TTF SUM 25 down -3.2% at 32.2€/MWh
Source: Bloomberg
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.
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