NG has a bullish report and up it goes but Friday profit taking occured. From the 15min TF, there is a gap. Will be watching if NG ignore the gap or fill the gap first.
From weekly TF, it is obvious that NG broken the inverse H&S neckline. The question is whether NG test the neckline first or fill the gap at ~3.45 first. The upcoming winter outlook should give a clearer short term direction.
Daily support/resistance on 17th Oct: 3.313, 3.294
Weekly support/resistance from 17th Oct - 21st Oct: 3.276, 3.26
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984
Daily support/resistance on 17th Oct: 3.313, 3.294
Weekly support/resistance from 17th Oct - 21st Oct: 3.276, 3.26
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984
No comments:
Post a Comment