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TTF Volatility Rises Amid Global Supply Uncertainty

NATURAL GAS

TTF front month volatility increases amid strong trading volumes today with price swings driven by uncertainty over global LNG supplies amid potential strikes at facilities in Australia.

  • Front month historic 30 day volatility has risen from just below 100% on 8 August back up to 130% but is currently still below the recent peak of 146% seen in mid July.
  • Aggregate daily ICE TTF traded volumes are set to be higher again today after falling from a peak when news of potential strikes was first reported last Wednesday.
  • Aggregate TTF volumes are today already up to over 160k contracts compared to a total of 177k yesterday and an average over the last month of around 230k.
  • TTF SEP 23 up 13.5% at 39.09€/MWh


Source: Bloomberg

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