Friday, 13 October 2017

NYMEX: NG Analysis 13-Oct-2017

NYMEX: NG
CMP: 3.008
Res: 3.183/3.476/3.947
Sup: 2.771/2.538/1.597

NG has done nearly 61.8% of wave (1/A) at 2.538 which is normal. Have we completed the correction or are we going to see deeper correction for bigger rise?


As per the Daily Chart, if 3.183 resists and break below 2.771, I expect to see 2.771, 2.538-2.495 again and further 2.286, 2.152.

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