Europe’s benchmark TTF Gas futures have dropped by ~5% over the past week. Economists at Rabobank analyze Natural Gas markets outlook.
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.