NG failed to find support above 2493. Notice the overbought stochastic as NG failed testing 2394 for support. Now NG moved down and has tested 2385 area for support as the the stochastic is approaching oversold with RSI still positive above the 50% line.
I think NG has found support here at 2387 and it is trying to move up once again towards 2683 S/R and objective, will be best if the stoch was to turn and cross giving a buy signal in this time frame.. -
In the chart below I have a possible date 05/18 to that objective, please give or take a fist full of days to get there. LOL.
The calculations are done from 2387 low, so, if NG was to move below that, it will void the objective.
My opinion here, In due time NG will show us the real deal in dollars and cents.
g
"People often remark that I'm pretty lucky. Luck is only important in so far as getting the chance to sell yourself at the right moment. After that, you've got to have talent and know how to use it. " -Frank Sinatra
