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TTF NATGAS TECHS: (X4) Heading North

TTF NATGAS TECHS
Commodities TechCommoditiesEnergy BulletsBulletPower BulletsEnergy Technical Analysis
  • RES 4: €45.20 - High Aug 12 and key resistance 
  • RES 3: €44.00 - Round number resistance  
  • RES 2: €43.31 - High Aug 19
  • RES 1: €42.60 - Intraday high           
  • PRICE: €42.38 @ 13:18 BST Oct 24
  • SUP 1: €39.61/38.08 - Low Oct 23     
  • SUP 2: €37.40/35.68 - Low Oct 1 / Low Sep 23
  • SUP 3: €33.65 - Low Sep 19 and the bear trigger 
  • SUP 4: €32.77 - Low Apr 29    

TTF Gas Futures are trading higher again, today. This reinforces the current uptrend and confirms an extension of the bull cycle cycle that started on Sep 19. The contract has pierced €42.47, the 76.4% retracement of the Aug 12 - Sep 19 bear leg. A clear break of this price point would strengthen the bullish set-up and open €43.31, the Aug 19 high. Initial support to watch is €38.08, the Oct 9 / 10 low.

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  • RES 4: €45.20 - High Aug 12 and key resistance 
  • RES 3: €44.00 - Round number resistance  
  • RES 2: €43.31 - High Aug 19
  • RES 1: €42.60 - Intraday high           
  • PRICE: €42.38 @ 13:18 BST Oct 24
  • SUP 1: €39.61/38.08 - Low Oct 23     
  • SUP 2: €37.40/35.68 - Low Oct 1 / Low Sep 23
  • SUP 3: €33.65 - Low Sep 19 and the bear trigger 
  • SUP 4: €32.77 - Low Apr 29    

TTF Gas Futures are trading higher again, today. This reinforces the current uptrend and confirms an extension of the bull cycle cycle that started on Sep 19. The contract has pierced €42.47, the 76.4% retracement of the Aug 12 - Sep 19 bear leg. A clear break of this price point would strengthen the bullish set-up and open €43.31, the Aug 19 high. Initial support to watch is €38.08, the Oct 9 / 10 low.