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Energy: Gasoline Price And Dutch TTF May Surprise You! How Have WTI & Brent Crude Oil Prices Changed?

Energy: Gasoline Price And Dutch TTF May Surprise You! How Have WTI & Brent Crude Oil Prices Changed?| FXMAG.COM
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Brent Crude oil is once again testing rising trend line. A close below and more importantly a close below 107 is likely to fuel a sell off down to 101.30 possibly all the way down to key support at 96.75
To reverse this possible bearish scenario a close above 120.41 is needed

energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 1energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 1

Source: Saxo Group

WTI has closed below rising trend line. Next key level is 101.53. A close below will confirm short term down trend that can take WTI  down to 92.93. Some support at 98.20.
To reverse this possible scenario a close above 114 is needed

energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 2energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 2

Source: Saxo Group

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Gasoline has confirmed down trend currently test key support at around 350. A close below is likely to push Gasoline to minor support at 330 but 300 is not unlikely. If Gasoline jumps back above the rising trend line it will merely just be in neutral state. To reverse the down trend a close above 395.60

energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 3energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 3

Source: Saxo Group

Dutch TTF gas is in confirmed uptrend likely to move higher. To reverse the uptrend Dutch gas needs to close below 125

energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 4energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 4

Source: Saxo Group

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Henry Hub gas has experienced a total collapse from peak . Bouncing around 200 SMA downtrend is still intact and no divergence on RSI indicates we are to lower levels . However, expect a few days with sideways trading maybe even a minor bounce before selling pressure is likely to return. 
For the down trend to be reversed at close above 6.84 is needed.

energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 5energy gasoline price and dutch ttf may surprise you how have wti brent crude oil prices changed grafika numer 5

Source: Saxo Group

Source: Technical Update - Henry Hub gas and Gasoline prices collapse. Dutch gas on the rise. Head wind for oil | Saxo Group (home.saxo)


Kim Cramer Larsson

Kim Cramer Larsson

Kim Cramer Larsson started his career in 1996 as an equities trader focusing on the US and Asian markets with BG Bank, London. In 1997, Kim relocated to BG Bank, Copenhagen (BG Bank was acquired by Danske Bank in 2000) to the position of equities trader and portfolio manager. 

Kim began using technical analysis as a trading tool from 1997. In 2005, Kim was promoted to the position of technical analyst in the FX & Fixed Income Research department at Danske Bank. In his current role, Larsson focuses on technical analysis of equities, equity indexes, forex pairs, and more for Saxo Bank. Larsson’s views and analyses can be found on Saxo’s News & Research hub as well as at Saxo’s Academy where he hosts webinars focusing on chart analysis.


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