NG is mostly in sideways movement after Mon long green candle. As you can see, there is a inverse HS (bullish), rising wedge (bearish) and double/triple top in the daily TF. It is really challenging to give a bearish or bullish call at this level as there are noises.It could exhibit a fake spike up or a fake dump. Better to trade intra-day at this point. NG is above the ichimoku cloud which is seen as bullish which can be a buy on dips sign.
In the monthly TF, price is above the the mid of BB but below the ichimoku cloud which means in the short to mid term, price could be bullish but in the longer term, it is still bearish until the trend changes.
Price is currently above the weekly and monthly support and resistance which is deemed as bullish.
Daily support/resistance on 19th Sept: 2.942, 2.915
Weekly support/resistance from 19th Sept - 23rd Sept: 2.937, 2.831
Monthly support/resistance for Sept: 2.831, 2.733, 2.842, 2.765
In the monthly TF, price is above the the mid of BB but below the ichimoku cloud which means in the short to mid term, price could be bullish but in the longer term, it is still bearish until the trend changes.
Price is currently above the weekly and monthly support and resistance which is deemed as bullish.
Daily support/resistance on 19th Sept: 2.942, 2.915
Weekly support/resistance from 19th Sept - 23rd Sept: 2.937, 2.831
Monthly support/resistance for Sept: 2.831, 2.733, 2.842, 2.765
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