Saturday, March 25, 2017

Natural Gas Trading: Weekends Post for the week 27th Mar - 31st Mar 2017

NG is resisted by the lower trendline of the ascending channel. Failure to re-enter may mean lower price. If price manage to re-enter the channel, target / resistance are as shown in the 2nd chart.

Daily support/resistance on 27th Mar: 3.072, 3.054
Weekly support/resistance from  27th Mar - 31st Mar: 3.057, 3.008
Monthly support/resistance for Mar: 2.804, 2.875   (NGJ7: 2.83, 2.952  )
2017 Yearly support/resistance: 3.415, 2.757

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