NG has a bullish week. The shooting star formed 2 weeks ago hinted of bearish movement and it indeed moved down creating a evening star pattern but price managed to climb back. The question is will it close the upper gap first or lower gap first? Tricky as weather pattern is unpredictable.
In the daily TF, a inside bar candle can be seen and a bigger move should happen in 1 or 2 days time. We can also see the ichimoku cloud is supporting the price at the moment. Daily TF stochastic is turning up but weekly TF stochastic is not good for bull though.
Price is between upper and lower gap which are near to the current price. Expect a volatile week ahead. President trump inauguration day may provide some direction.
Daily support/resistance on 16th Jan: 3.409, 3.384
Weekly support/resistance from 16th - 20th Jan: 3.274, 3.373
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757
In the daily TF, a inside bar candle can be seen and a bigger move should happen in 1 or 2 days time. We can also see the ichimoku cloud is supporting the price at the moment. Daily TF stochastic is turning up but weekly TF stochastic is not good for bull though.
Daily support/resistance on 16th Jan: 3.409, 3.384
Weekly support/resistance from 16th - 20th Jan: 3.274, 3.373
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757
No comments:
Post a Comment