$1.78 is an interesting area for NG1!... (see weekly chart below) It's a "retest" of "highs from most recent low"... Also have strong bullish divergence on 4hr. TF as we approach, and selling pressure looks to be weakening on many longer TF's... Definitely looking interesting for a "long buy" ! Wouldn't be surprised to see a big dick wick down into 1.78ish and strong bounce with it !
Comment:
RSI also forming a nice, smooth "curve" for a reversal on the weekly...
Trade active:
Got a long position on the 10th around that $1.78 area... Up 7% so far and looking to be up @ 21% come open tomorrow ! Target will be 2.08ish...