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TTF NATGAS TECHS: (Z4) Remains Above Its Recent Low

TTF NATGAS TECHS
Commodities TechCommoditiesEnergy BulletsBulletPower BulletsEnergy Technical Analysis
  • RES 4: €46.00 - Round Number Resistance 
  • RES 3: €45.83 - High Aug 12 and a key resistance 
  • RES 2: €44.15 - High Oct 29 and the bull trigger
  • RES 1: €41.25 - High Nov 5             
  • PRICE: €40.95 @ 13:04 GMT Nov 7
  • SUP 1: €38.03 - Low Oct 31    
  • SUP 2: €36.71 - 76.4% retracement of the Sep 19 - Oct 29 bull cycle
  • SUP 3: €35.80 - Low Sep 20  
  • SUP 4: €34.41 - Low Sep 19    

TTF Gas Futures continue - for now - to trade above its latest low. The most recent move higher has defined a key short-term support at €38.03, the Oct 1 low. A break of this level is required to reinstate a bearish threat that would open €36.71, a Fibonacci retracement point. For bulls, a resumption of gains and  a break of initial resistance at €41.25, the Nov 5 high, would refocus attention on €44.15, the Oct 29 high.

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  • RES 4: €46.00 - Round Number Resistance 
  • RES 3: €45.83 - High Aug 12 and a key resistance 
  • RES 2: €44.15 - High Oct 29 and the bull trigger
  • RES 1: €41.25 - High Nov 5             
  • PRICE: €40.95 @ 13:04 GMT Nov 7
  • SUP 1: €38.03 - Low Oct 31    
  • SUP 2: €36.71 - 76.4% retracement of the Sep 19 - Oct 29 bull cycle
  • SUP 3: €35.80 - Low Sep 20  
  • SUP 4: €34.41 - Low Sep 19    

TTF Gas Futures continue - for now - to trade above its latest low. The most recent move higher has defined a key short-term support at €38.03, the Oct 1 low. A break of this level is required to reinstate a bearish threat that would open €36.71, a Fibonacci retracement point. For bulls, a resumption of gains and  a break of initial resistance at €41.25, the Nov 5 high, would refocus attention on €44.15, the Oct 29 high.