Natural Gas benchmarks brace for volatility – Rabobank
|Europe’s benchmark TTF Gas futures have dropped by ~5% over the past week. Economists at Rabobank analyze Natural Gas markets outlook.
New supply disruptions emerge against healthy inventories
Natural Gas benchmarks brace for volatility as new supply disruptions emerge against healthy inventories – expect crucial TTF support levels at €43/MWh and resistance at €54/MWh.
Henry Hub weakness is expected as cash prices trade at a $1 discount to futures on warm weather, see downside to $3/MMbtu, with a break below on continued warmth.
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