My Trend line clearly describes the Strong Resistance lines. Price is falling from RED N BLUE resistance line (it was confirmed). So, As first trend line, the price will fall down until the green line support is touched. So, make profit by sell first and buy later.
NG at low Resistance, which it might cross, but after another resistance is much stronger. So chances is later stronger resistance have high chances to bring NG Short.
Strong resistance is here. For Traders, i think, they should re-think or wait and see conditions. If it breaks resistance, prices goes bull, else return down. It is a crucial point.
Head and Shoulder formation, sure it will go South. However, could it break the Upper arm of the Asymmetrical triangle and dip into the triangle again ?
Asymetrical triangle is a both way market trend possibilities, with RSI value, we should go for most probably part. But, RSI and Candle stick will confirm, so wait for good break out possibilities.
It is Rectangular market in box shaped. It is still indecision period. However, Scalper Trader can still make some money here. Recent Oil debates, and Iran emerging probability on market and OPEC refusing to cut production are some issues on happening meetings will decide market change trend.
eVEN THOUGH OPEC not cutting production. Next week, it will go long. However, in the long run, it will go Down, many support and resistant lines are well pointed for trading points.
