NG has a bullish week after daily 20 SMA holds as support and bounced! It breaks the 200 EMA resistance and could be heading to test the 200 SMA. If ichimoku cloud does not resist further, bull party will continue and push price higher.
From the weekly chart, it can be seen price is at the mid of BB. If the bull part continues, price will be testing the strong resistance at 200 SMA/EMA.
From the monthly chart, the 20 sma or the mid of BB continues to hold as support and is sloping upwards. Bear needs to be cautious as this could be a launching pad to test the ichimoku cloud up there.
Daily support/resistance on 4th Sept : 3.058, 3.043
Weekly support/resistance from 4th Sept - 8th Sept : 3.033, 2.969
Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )
Monthly support/resistance for Aug: 2.948, 2.856 (NGU7: 2.854, 2.941)
2017 Yearly support/resistance: 3.415, 2.757
From the monthly chart, the 20 sma or the mid of BB continues to hold as support and is sloping upwards. Bear needs to be cautious as this could be a launching pad to test the ichimoku cloud up there.
Weekly support/resistance from 4th Sept - 8th Sept : 3.033, 2.969
Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )
Monthly support/resistance for Aug: 2.948, 2.856 (NGU7: 2.854, 2.941)
2017 Yearly support/resistance: 3.415, 2.757
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