NG has a good green weekly candle. An inverse HS seems to be forming. If this is valid, a good run up is in the making perhaps for the summer season if the weather is very very hot. There's a contract gap below. The question is will it be filled soon or after the summer season.
A possible movement could be below. Do you think if NG is setting up for a run up to 4.0?
Daily support/resistance on 8th May: 3.265, 3.233
Weekly support/resistance from 8th May - 12th May: 3.267, 3.239
Monthly support/resistance for May: 3.241, 3.185 (NGM7: 3.271, 3.274 )
Monthly support/resistance for Apr: 3.125, 2.992 (NGK7: 3.143, 3.045 )
2017 Yearly support/resistance: 3.415, 2.757
A possible movement could be below. Do you think if NG is setting up for a run up to 4.0?
Daily support/resistance on 8th May: 3.265, 3.233
Weekly support/resistance from 8th May - 12th May: 3.267, 3.239
Monthly support/resistance for May: 3.241, 3.185 (NGM7: 3.271, 3.274 )
Monthly support/resistance for Apr: 3.125, 2.992 (NGK7: 3.143, 3.045 )
2017 Yearly support/resistance: 3.415, 2.757
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