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TTF NATGAS TECHS: (U4) Retracement Mode 

TTF NATGAS TECHS
  • RES 4: €46.02 - 1.382 proj of the Oct 13 ‘23 -  Feb 23 bear leg (cont)  
  • RES 3: €44.48 - 1.2369 proj of the Oct 13 ‘23 -  Feb 23 bear leg (cont)
  • RES 2: €43.20 - 61.8% retracement of the 
  • RES 1: €40.45/42.90 - High Aug 19 / 12 and the bull trigger       
  • PRICE: €37.50 @ 13:10 BST Aug 21
  • SUP 1: €37.32 - Intraday low  
  • SUP 2: €35.86/34.75 - 50-day EMA / Low Aug 5
  • SUP 3: €33.00 - Low Jul 29 
  • SUP 4: €31.45 - Low Jul 11   

TTF Gas futures traded lower Tuesday and the contract is extending the pullback, today. Support around the 20-day EMA - at €37.6 - has been pierced. This signals potential for a deeper retracement towards the 50-day EMA, at €35.86, 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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