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TTF NATGAS TECHS: (U4) Corrective Pullback Extends  

TTF NATGAS TECHS
  • RES 4: €45.00- Round number resistance   
  • RES 3: €44.15 - High Dec 1 ‘23 (cont)
  • RES 2: €43.20 - 61.8% of the Oct 13 ‘23 - Feb 23 bear leg (cont) 
  • RES 1: €40.45/42.90 - High Aug 19 / 12 and the bull trigger       
  • PRICE: €36.53 @ 13:13 BST Aug 22
  • SUP 1: €35.91 - 50-day EMA  
  • SUP 2: €34.75 - Low Aug 5
  • SUP 3: €33.00 - Low Jul 29 
  • SUP 4: €31.45 - Low Jul 11   

TTF Gas futures have traded lower this week. Support around the 20-day EMA - at €37.58 - has been breached. This signals potential for a deeper retracement towards the 50-day EMA, at €35.91, and a key support. The trend condition remains bullish and the move lower is considered corrective. A resumption of gains would refocus attention on key resistance and the bull trigger at €42.90, the Aug 12 high.

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