November 26, 2024 13:22 GMT
TTF NATGAS TECHS: (Z4) Holding On To Its Recent Gains
TTF NATGAS TECHS
- 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: €48.10 @ 13:11 GMT Nov 26
- SUP 1: €44.63/42.48 - 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 contract is trading closer to its recent highs. The climb 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 €44.63, the 20-day EMA.
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