NG has a red weekly candle and is now slightly below the neckline of the inverse HS. Price is above both weekly and daily ichimoku cloud. So price would not fall much imo after it falls through the ichimoku clouds sharply.
In the 4 hr TF, there is a shooting star. Need confirmation that price would correct. Above it could mean it is testing the ichimoku cloud above.
In the monthly TF, price is still within the ascending channel which is good news to the bulls
Daily support/resistance on 22nd May: 3.239, 3.226
Weekly support/resistance from 22nd May - 26th: 3.285. 3.259
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
In the 4 hr TF, there is a shooting star. Need confirmation that price would correct. Above it could mean it is testing the ichimoku cloud above.
Daily support/resistance on 22nd May: 3.239, 3.226
Weekly support/resistance from 22nd May - 26th: 3.285. 3.259
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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