NG closed the gap below this week (see my previous weekends post on the trade plan) and may be consolidating at the monthly mid BB. It would be interesting to see if price dip near to the mid BB.
NG is trading the whole week within the body of last week trading range.
1 hr chart is interesting. On Friday, price had been pushed down during regular trading hours. I am not sure if MM is accumulating or trying to trap bulls. After settlement, price keeps raising. Would be interesting to see if this is the building of position for up move next week or a possible double top developing.
In daily chart, bulls are fighting hard to hold the price at mid of BB. Next week will have more answer to the direction I guess.
2.82 which is the weekly support/resistance should be interesting to watch. Either a resistance or support to trigger a clear direction next week.
Daily support/resistance on 11th Jul: 2.8068, 2.78650
Weekly support/resistance from 11th - 15th Jul: 2.818, 2.821
Monthly support/resistance for Jul: 2.848, 2.831, 2.675, 2.626
NG is trading the whole week within the body of last week trading range.
1 hr chart is interesting. On Friday, price had been pushed down during regular trading hours. I am not sure if MM is accumulating or trying to trap bulls. After settlement, price keeps raising. Would be interesting to see if this is the building of position for up move next week or a possible double top developing.
In daily chart, bulls are fighting hard to hold the price at mid of BB. Next week will have more answer to the direction I guess.
2.82 which is the weekly support/resistance should be interesting to watch. Either a resistance or support to trigger a clear direction next week.
Daily support/resistance on 11th Jul: 2.8068, 2.78650
Weekly support/resistance from 11th - 15th Jul: 2.818, 2.821
Monthly support/resistance for Jul: 2.848, 2.831, 2.675, 2.626
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