NG has a bearish week, with price below the lower channel and weekly ichimoku cloud. Would that be a false break below?
Consolidation is now at the lower channel as seen in the daily TF. Could a bounce starting soon?
Now price is back to monthly mid of BB. The question is will it bounce?
Daily support/resistance on 7th Aug: 2.776, 2.777
Weekly support/resistance from 7th Aug - 11th Aug: 2.827, 2.793
Monthly support/resistance for Aug: 2.948, 2.856 (NGU7: 2.854, 2.941)
Monthly support/resistance for Jul: 3.025, 2.992 (NGQ7: 3.033, 3.018)
2017 Yearly support/resistance: 3.415, 2.757
Consolidation is now at the lower channel as seen in the daily TF. Could a bounce starting soon?
Now price is back to monthly mid of BB. The question is will it bounce?
Weekly support/resistance from 7th Aug - 11th Aug: 2.827, 2.793
Monthly support/resistance for Aug: 2.948, 2.856 (NGU7: 2.854, 2.941)
Monthly support/resistance for Jul: 3.025, 2.992 (NGQ7: 3.033, 3.018)
2017 Yearly support/resistance: 3.415, 2.757
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