NG makes new high at ~3.9 and traders started to take profit before 2017. From the daily TF, it seems like a island formed at the top but gap was closed though. Will be monitoring if this "island reversal" is valid.
In the weekly TF, a shooting star is formed. Price is at the upper channel. Will price pullback to the lower channel?
From the monthly TF, most of the time price overshoot the upper BB, it will correct. I am looking if it will correct soon or makes new high before really correct. The monthly stochastic is at over-bought level but it could remain over-bought for a while!
Daily support/resistance on 3rd Jan: 3.754, 3.774
Weekly support/resistance from 3rd - 6th Jan: 3.786, 3.758
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2017 Yearly support/resistance: 3.415, 2.757
2016 Yearly support/resistance: 2.406, 2.518
From the monthly TF, most of the time price overshoot the upper BB, it will correct. I am looking if it will correct soon or makes new high before really correct. The monthly stochastic is at over-bought level but it could remain over-bought for a while!
Daily support/resistance on 3rd Jan: 3.754, 3.774
Weekly support/resistance from 3rd - 6th Jan: 3.786, 3.758
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2017 Yearly support/resistance: 3.415, 2.757
2016 Yearly support/resistance: 2.406, 2.518
No comments:
Post a Comment