Sunday, November 5, 2017

Natural Gas Trading: Weekends Post for the week 6th Nov - 10th Nov 2017

NG is still flirting at monthly mid BB. It is sloping upwards which is good news for bulls. Winter is coming - buy the dip? Watch out for warmer winter too. I think NG is still in range bound.






Daily support/resistance on 6th Nov: 2.984, 2.964
Weekly support/resistance from 6th Nov - 10th Nov: 2.972, 2.927 (NGZ7: 2.972, 2.927)
Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
2017 Yearly support/resistance: 3.415, 2.757

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