NG has a bearish week. It is not at a support which could trigger a bounce as shown in the daily chart below.
In the monthly chart, price is below the 20 SMA and it near the area of support which could trigger a bounce, losing the support could push the price further down below 2.5 as shown in the chart below.
Gaps can be seem in the weekly and 4hr chart. Which gap will be filled first? Winter forecast shall dictate the direction.
In the monthly chart, price is below the 20 SMA and it near the area of support which could trigger a bounce, losing the support could push the price further down below 2.5 as shown in the chart below.
Gaps can be seem in the weekly and 4hr chart. Which gap will be filled first? Winter forecast shall dictate the direction.
Daily support/resistance on 27th Nov: 2.892, 2.849
Weekly support/resistance from 27th Nov - 1st Dec: 2.943, 2.866 (NGZ7: 2.962, 3.041)
Monthly support/resistance for Dec: (NGF7: , NGG8: )
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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