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Kim Crammer Larsson (Saxo Bank) Comments On Dutch Gas, Henry Hub Gas And Carbon Emission

Kim Crammer Larsson (Saxo Bank) Comments On Dutch Gas, Henry Hub Gas And Carbon Emission| FXMAG.COM
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  1. Dutch TTF GAs is breaking below key support at €125 in a total collapse. Henry Hub Gas eyeing Shoulder-Head-Shoulder target at $5.32.  Sideways trading Carbon Emission could break deadlock and drop further

    Dutch TTF GAs is breaking below key support at €125 in a total collapse. Henry Hub Gas eyeing Shoulder-Head-Shoulder target at $5.32.  Sideways trading Carbon Emission could break deadlock and drop further



    Dutch Gas
     is collapsing. After closing below €145 the big test was 125. Gas has now broken below that minor support right at the open this morning supporting the view that Dutch Gas prices are collapsing.  There is no strong support in Dutch Gas before around 83.75 -77.30.
    RSI is below 40 adding to the bearish picture.
    Dutch could bounce and perform a minor correction from the falling lower trendline in what looks like a steep falling wedge pattern.
    To reverse this bearish picture Dutch Gas needs to close above 175.
    kim crammer larsson saxo bank comments on dutch gas henry hub gas and carbon emission grafika numer 1kim crammer larsson saxo bank comments on dutch gas henry hub gas and carbon emission grafika numer 1
    Source: All Charts and data in this article Saxo Group

    Henry Hub Gas closed yesterday below key support at $6.30 and could be in free fall to July lows around 5.32. Henry Hub would then have reached its Shoulder-Head-Shoulder target illustrated by the two vertical arrows. 
    To reverse this continued bearish picture Henry Hub Gas must close above 7.20.

     kim crammer larsson saxo bank comments on dutch gas henry hub gas and carbon emission grafika numer 2kim crammer larsson saxo bank comments on dutch gas henry hub gas and carbon emission grafika numer 2

    Carbon Emission has been stepping sideways for several weeks by now. However, that might soon change. Emission prices are likely to resume down trend if it breaks below 65 followed by RSI closing back below 40. RSI is showing bearish sentiment and currently testing its lower corrective rising trendline.
    For Carbon Emission to reverse the downtrend a close above 71.36 is needed.

    kim crammer larsson saxo bank comments on dutch gas henry hub gas and carbon emission grafika numer 3kim crammer larsson saxo bank comments on dutch gas henry hub gas and carbon emission grafika numer 3Source: Technical Update - Natural Gas prices collapsing breaking key supports. Carbon Emission warming up for another sell-off | 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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