Gas: The market remains nervous about the storage levels in the EU – Ing

TTF prices set a 3.25% lower yesterday after China’s retaliation tariffs on the US LNG, says Warren Patterson, expert in raw materials from ING.

It is likely that the appetite of speculators to increase long positions is limited

“The market remains relatively nervous about storage levels and the greatest work that Europe will face to fill the storage during the injection season. However, the market would be expected that the market in front of some resistance around the current levels (in the absence of any clash of supply). ”

“The gas is deeply in the rank of coal Speculators to increase this significantly more (in the absence of a bullish catalyst) is limited. “

Source: Fx Street

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