Natural Gas – Weekly Analysis

Reuters notes that European gas storage is only around 69% full, compared with roughly 85% normally at this time of year. Germany is sitting near 56%, while the Netherlands is around 54%. In other words, Europe is approaching winter with a noticeably thinner cushion than usual. Technically, the picture is becoming even more uncomfortable. TTF has recently recorded several major weekly Golden Crosses—the 50/200 and 100/200—one after another. A quick statistical estimate suggests that sometime in 2027, the hub price could potentially double the already insane €346 peak from August 2022. Read that again. Especially the word double. Was that always part of the plan? Whatever the answer, the combination of unusually low storage and increasingly bullish long-term technicals deserves attention. Now, before things get too dramatic, let’s take a deep breath and cross the Atlantic. In this Natural Gas Weekly Technical Analysis, we examine the latest candlestick signals, momentum…