Sunday, December 3, 2017

Natural Gas Trading: Weekends Post for the week 4th Dec - 8th Dec 2017

The big picture for NG is that it is still in a monthly symmetrical triangle consolidation. The purple areas are the possible break out target. 


Daily support/resistance on 4th Dec: 3.073, 3.064
Weekly support/resistance from 4th Dec - 8th Dec : 3.055, 3.047 
Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)
Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)
2017 Yearly support/resistance: 3.415, 2.757

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