Sunday, December 31, 2017

NG Trading: Weekends Post for the week 2nd Jan - 5th Jan 2018

NG is approaching the resistance area soon. Clearing this area could increase the probability of closing the above gap.

Monthly resistance below. Dec monthly candle is almost the same as last year except the colour. Would the same pattern repeats in the subsequent months?
 Weekly resistance


Daily support/resistance on 2nd Jan: 2.964, 2.958
Weekly support/resistance from 2nd Jan - 5th Jan: 2.907, 2.848
Monthly support/resistance for Jan: 2.919, 2.848 (NGG8: 2.918, 2.843  ; NGH8: 2.872, 2.807) 
Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)
2018 Yearly support/resistance: 3.045, 2.985
2017 Yearly support/resistance: 3.415, 2.757

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