Saturday, December 23, 2017

NG Trading: Weekends Post for the week 25th Dec - 29th Dec 2017

Winter is coming! Would NG follow the same pattern in the past 2 years?

NG break below the monthly symmetrical triangle. Would it do a backtest?

Weekly spinning top seen.

Resistance at 4hr TF.

Daily support/resistance on 25th Dec: 2.665, 2.633
Weekly support/resistance from 25th Dec - 29th Dec: 2.678, 2.673
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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