support & Resistance guide Natural Gas Gold Silver DXY Price forecast
- AMEX:UNG AMEX:BOIL PEPPERSTONE:NATGAS Natural Gas clear falling Wedge - Daily uptrend confirmed without much follow through at the moment - bulls would like us to hold prior pivot lows and bonce off next week
- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon - Bounced off of quadrupole support Friday - couple of resistance level right above us may test the upper falling wedge resistance next week
- Natural Gas falling wedge is my support and resistance guide - Currently Daily & 4h Neutral trend - 2 key support below and 2 key resistances above.
- NG UNG full bear control, need to see a hourly trend change to the bull for anything to happen. - potential Equilibrium shape up on daily time frame if bulls can hold above $2 - daily 12 EMA resistance
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...