Saturday, September 16, 2017

Natural Gas Trading: Weekends Post for the week 18th Sept - 22nd Sept 2017

There is a evening star pattern in the daily TF before the 200 SMA resistance. A confirmation is needed next week if this is pointing to more downwards movement as shown below.
 In the 4 hr TF, supports as shown below.
 In the week TF, price is still stuck at the mid of BB. There's seem to be a tug of war between bulls and bears there.

Daily support/resistance on 18th Sept: 3.04, 3.037
Weekly support/resistance from 18th Sept - 22nd Sept: 3.003, 3.024
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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