NG is trading at a small range this week but ended this week with a green candles. From the daily TF, price is bouncing from the lower support trendline.
In the monthly TF, price has already been consolidating for around 5 months. Price is holding above the mid of BB which is good for bull. The BB is narrowing. A big move is coming soon.
Daily support/resistance on 21st Nov: 2.822, 2.771
Weekly support/resistance from 21st Nov - 25th Nov: 2.814, 2.748
Monthly support/resistance for Nov: 2.997, 2.986
2016 Yearly support/resistance: 2.406, 2.518
From the 5hr chart, price has moved into a resistance area. If it breaks that resistance, $3 should be on the way. Otherwise, price should retreat back down to test the 2.5-2.7 area again.
Daily support/resistance on 21st Nov: 2.822, 2.771
Weekly support/resistance from 21st Nov - 25th Nov: 2.814, 2.748
Monthly support/resistance for Nov: 2.997, 2.986
2016 Yearly support/resistance: 2.406, 2.518
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