Friday, June 24, 2016

Natural Gas Trading - 24 Jun

Right now it drop to the weekly support/resistance range and bounce. Holding below today daily support/resistance would help bears.

From yesterday charting, nothing much has changed. The 4hr chart is showing broadening top of broadening top.

4 more days to contract expiry and 3 more days to option expiry!

Daily support/resistance on 24th Jun: 2.69, 2.667
Pivot: 2.685, 2.679
--> Holding below all above price would confirm the bearish trend for today.

Weekly support/resistance for 20th-24th Jun: 2.635, 2.596
Monthly support/resistance for Jun: 2.235, 2.26, 2.128, 2.204

1 comment:

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