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TTF NATGAS TECHS: (V4) Trend Structure Remains Bearish

TTF NATGAS TECHS
Energy BulletsBulletPower BulletsEnergy Technical AnalysisCommodities
  • RES 4: €43.52 - High Aug 12 and the bull trigger 
  • RES 3: €41.20 - High Aug 13 / 19
  • RES 2: €40.33 - High Aug 30 and a key resistance
  • RES 1: €36.46/37.90 - 50-day EMA / High Sep 10       
  • PRICE: €36.24 @ 13:11 BST Sep 25
  • SUP 1: €32.88/04 - Low Jul 11 and a key support / Low Sep 19     
  • SUP 2: €31.92 - 1.236 proj of the Aug 12 - 26 - 30 price swing
  • SUP 3: €31.56 - Low May 13
  • SUP 4: €30.13 - 1.50 proj of the Aug 12 - 26 - 30 price swing    

TTF Gas futures traded in a volatile manner on Sep 19. The contract has recovered from its recent trend low, however, the current trend direction remains down and short-term gains are considered corrective. Support at €32.88, the Jul 11 low, has been pierced.  A clear break of this level would strengthen the bearish theme. On the upside, firm short-term resistance is seen at €37.90, the Sep 10 high.

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  • RES 4: €43.52 - High Aug 12 and the bull trigger 
  • RES 3: €41.20 - High Aug 13 / 19
  • RES 2: €40.33 - High Aug 30 and a key resistance
  • RES 1: €36.46/37.90 - 50-day EMA / High Sep 10       
  • PRICE: €36.24 @ 13:11 BST Sep 25
  • SUP 1: €32.88/04 - Low Jul 11 and a key support / Low Sep 19     
  • SUP 2: €31.92 - 1.236 proj of the Aug 12 - 26 - 30 price swing
  • SUP 3: €31.56 - Low May 13
  • SUP 4: €30.13 - 1.50 proj of the Aug 12 - 26 - 30 price swing    

TTF Gas futures traded in a volatile manner on Sep 19. The contract has recovered from its recent trend low, however, the current trend direction remains down and short-term gains are considered corrective. Support at €32.88, the Jul 11 low, has been pierced.  A clear break of this level would strengthen the bearish theme. On the upside, firm short-term resistance is seen at €37.90, the Sep 10 high.