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TTF NATGAS TECHS: (U4) Monitoring Support At The 50-Day EMA 

TTF NATGAS TECHS
  • RES 4: €44.15 - High Dec 1 ‘23 (cont) 
  • RES 3: €43.20 - 61.8% of the Oct 13 ‘23 - Feb 23 bear leg (cont)
  • RES 2: €40.45/42.90 - High Aug 19 / 12 and the bull trigger
  • RES 1: €38.53 - High Aug 21       
  • PRICE: €37.25 @ 13:20 BST Aug 26
  • SUP 1: €35.97 - 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 are trading closer to last week’s lows. Support around the 20-day EMA - at €37.43 - has been breached. This highlights potential for a deeper retracement towards the 50-day EMA, at €35.97, and a key support. The trend condition is 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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