NG is at the bottom of the ascending channel. Either a bounce or break from here. Support / resistance as shown.
The 200 SMA appears to be strong resistance and price being rejected there this week. Ichimoku cloud providing support.
Oil could be flirting with the monthly 20 SMA again.
Monthly support/resistance for Aug: 2.948, 2.856 (NGU7: 2.854, 2.941)
2017 Yearly support/resistance: 3.415, 2.757
The 200 SMA appears to be strong resistance and price being rejected there this week. Ichimoku cloud providing support.
Oil could be flirting with the monthly 20 SMA again.
Daily support/resistance on 25th Sept: 2.962, 2.951
Weekly support/resistance from 25th Sept - 29th Sept: 2.981, 3.054
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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