NG1! a tricky spot at $2.99, testing resistance.
Odds:
Bullish: 48%
Bearish: 52%
Price hit the downside target of $2.90 from last week's chart, price action looks like possible backtesting or short covering today. Bulls need to hold $2.99 close. Friday, so expect selling pressure today. The weekly timeframe still looks promising, but waiting for the candle close.
Good hunting!
Odds:
Bullish: 48%
Bearish: 52%
Price hit the downside target of $2.90 from last week's chart, price action looks like possible backtesting or short covering today. Bulls need to hold $2.99 close. Friday, so expect selling pressure today. The weekly timeframe still looks promising, but waiting for the candle close.
Good hunting!
