Super rally this week. Upper gap closed. Will it continue upwards movement to close the next upper gap or a correction to close gaps below? Weather shall dictate going forward now.
In the monthly TF, price is now heading to resistance area. It looks like any rally will not last long for the time being until a very cold weather is confirmed.
Daily support/resistance on 5th Dec: 3.473, 3.461
Weekly support/resistance from 5th Dec- 9th Dec: 3.44, 3.41
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518
In the monthly TF, price is now heading to resistance area. It looks like any rally will not last long for the time being until a very cold weather is confirmed.
Daily support/resistance on 5th Dec: 3.473, 3.461
Weekly support/resistance from 5th Dec- 9th Dec: 3.44, 3.41
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518
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