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TTF NATGAS TECHS: (Z4) Corrective Pullback

TTF NATGAS TECHS
Commodities TechCommoditiesEnergy BulletsBulletPower BulletsEnergy Technical Analysis
  • RES 4: €52.64 - 1.50 proj of the Sep 19 - Oct 29 -  31 price swing 
  • RES 3: €51.49 - 1.382 proj of the Sep 19 - Oct 29 -  31 price swing 
  • RES 2: €50.00 - Psychological round number
  • RES 1: €49.55 - High Nov 22                 
  • PRICE: €46.28 @ 13:06 GMT Nov 27
  • SUP 1: €44.88/42.66 - 20- and 50-day EMA values    
  • SUP 2: €38.03 - Low Oct 31 and key support
  • SUP 3: €36.68 - Low Sep 24  
  • SUP 4: €34.41 - Low Sep 19    

TTF Gas futures remain in an uptrend and the pullback from its most recent high appears to be corrective. The move higher last week confirmed a resumption of the trend and ended the recent short period of consolidation. Moving average studies are in a bull-mode set-up, highlighting a dominant uptrend. Sights are on the psychological €50.00 handle. Initial firm support is seen at €44.88, the 20-day EMA

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  • RES 4: €52.64 - 1.50 proj of the Sep 19 - Oct 29 -  31 price swing 
  • RES 3: €51.49 - 1.382 proj of the Sep 19 - Oct 29 -  31 price swing 
  • RES 2: €50.00 - Psychological round number
  • RES 1: €49.55 - High Nov 22                 
  • PRICE: €46.28 @ 13:06 GMT Nov 27
  • SUP 1: €44.88/42.66 - 20- and 50-day EMA values    
  • SUP 2: €38.03 - Low Oct 31 and key support
  • SUP 3: €36.68 - Low Sep 24  
  • SUP 4: €34.41 - Low Sep 19    

TTF Gas futures remain in an uptrend and the pullback from its most recent high appears to be corrective. The move higher last week confirmed a resumption of the trend and ended the recent short period of consolidation. Moving average studies are in a bull-mode set-up, highlighting a dominant uptrend. Sights are on the psychological €50.00 handle. Initial firm support is seen at €44.88, the 20-day EMA