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TTF NATGAS TECHS: (V4) Bear Threat Still Present 

TTF NATGAS TECHS
  • RES 4: €43.52 - High Aug 12 and the bull trigger 
  • RES 3: €41.92 - 76.4% retracement of the Aug 12 - 26 bear leg
  • RES 2: €41.20 - High Aug 13 / 19 
  • RES 1: €37.99/40.33 - Intraday high / High Aug 30       
  • PRICE: €35.91 @ 13:17 BST Sep 10
  • SUP 1: €35.55 - Low Sep 7    
  • SUP 2: €35.39 - 76.4% retracement of the Jul 11 - Aug 12 bull cycle 
  • SUP 3: €34.39 - Low Jul 29 
  • SUP 4: €32.88 - Low Jul 11   

A bearish theme in TTF Gas futures remains in play. The contract reversed lower last week from €40.33, the Aug 30 high, and price has also traded through the 50-day EMA, and €36.72, the Aug 26 low. A continuation lower would open €35.39 next, a Fibonacci retracement. For bulls, short-term resistance has been defined at €37.90, today’s intraday high. A break of this level would refocus attention on the key resistance at €40.33, Aug 30 high.

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