NG has 5 days of green candles this week! What a rally! In the daily TF, it has broken out trendlne resistance and is looking bullish! However, Friday has a spinning top which means indecision. Next week, we shall see if price hold above the resistance trendline.
On the monthly TF, there seems to be 2 months of lower shadow formed. Not sure to view it as as hanging man or bullish hammer. Price holding above the mid of BB seem that bull strength has not weaken.
Price is above all support/resistance which is seen as bullish.
Daily support/resistance on 29th Aug: 2.853, 2.852
Weekly support/resistance from 29th Aug - 2nd Sept: 2.82, 2.752. 2.863, 2.791
Monthly support/resistance for Aug: 2.841, 2.812, 2.834, 2.791
On the monthly TF, there seems to be 2 months of lower shadow formed. Not sure to view it as as hanging man or bullish hammer. Price holding above the mid of BB seem that bull strength has not weaken.
Price is above all support/resistance which is seen as bullish.
Daily support/resistance on 29th Aug: 2.853, 2.852
Weekly support/resistance from 29th Aug - 2nd Sept: 2.82, 2.752. 2.863, 2.791
Monthly support/resistance for Aug: 2.841, 2.812, 2.834, 2.791
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