NG has a very bearish week! From the weekly TF, price is consolidating at the mid of BB. If the mid point holds, it could bounce and close the gap above. If it can't it could close the gap below.
From the daily TF, price is breaking the trend line support. If it can't hold (it seems it will not hold), good luck bulls. If it holds, surely the gap above could be the next target.
From the monthly TF, I am looking if price will touch the highlighted area this month or next month.
Daily support/resistance on 23rd Jan: 3.268, 3.221
Weekly support/resistance from 23rd - 27th Jan: 3.351, 3.249
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757
From the daily TF, price is breaking the trend line support. If it can't hold (it seems it will not hold), good luck bulls. If it holds, surely the gap above could be the next target.
From the monthly TF, I am looking if price will touch the highlighted area this month or next month.
Daily support/resistance on 23rd Jan: 3.268, 3.221
Weekly support/resistance from 23rd - 27th Jan: 3.351, 3.249
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757
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