NG dropped below $3 this week and hold below for 4 days during contract expiration. In the weekly TF, price tested the lower support of the rising wedge, It could mean price is bouncing.
In the HA candles in the weeklt TF, it has a red body and a long lower shadow after a doji, This could signal downtrend to continue. The stoch is also at over bought level. Thus it is important to watch if stoch is going down anytime soon.
In the 5hr TF, however, price is supported by 200 EMA/MA and resisted by mid of BB. Break the 200 EMA/MA or mid of BB to signal clearer directional movement.
In the daily TF, there is a big gap at B. I will be looking if the gap will be filled or will it be like gap A unfilled.Winter is coming and it is important to watch closely the development is the next few weeks.
Daily support/resistance on 31st Oct: 3.071, 3.048
Weekly support/resistance from 31st Oct - 4th Nov: 3.035, 2.876, 3.139, 3.188
Monthly support/resistance for Oct: 2.896, 2.882
Monthly support/resistance for Nov: 2.997, 2.986
Weekly support/resistance from 31st Oct - 4th Nov: 3.035, 2.876, 3.139, 3.188
Monthly support/resistance for Oct: 2.896, 2.882
Monthly support/resistance for Nov: 2.997, 2.986
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