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TTF NATGAS TECHS: (V4) Trades Through Support 

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: €40.33 - High Aug 30       
  • PRICE: €36.77 @ 13:11 BST Sep 4
  • SUP 1: €36.37 - Intraday low    
  • SUP 2: €35.74 - Low Aug 5
  • SUP 3: €34.39 - Low Jul 29 
  • SUP 4: €32.88 - Low Jul 11   

TTF Gas futures have reversed lower from the recent high of €40.33 on Aug 30. The move lower threatens a bullish theme and has resulted in a break of support at €37.34, the 50-day EMA, and €36.72, the Aug 26 low. The breach highlights a stronger bearish threat and a continuation lower would open €35.74 next, the Aug 5 low. On the upside, a move above resistance at €40.33 is required to reinstate a bullish theme.

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