Julesdude

Julesdude

For a few days now I've been keeping an eye on historical resistance levels for WTI Crude Oil. As you can see on the chart here, since 2014 a resistance level has been established that price has remained faithful to. I have drawn these lines here in red as two variants which differ slightly in angle depending on the highs they are drawn from/to, but the basic 2014...

Julesdude

Displayed here on the 4h chart are key trend lines noteworthy in NG during the past year which offer suggestions of imminent support and resistance. What's interesting is how the 200d SMA (blue line here) has merged perfectly with a trendline established 21/22 Sep (red line). The SMA and trend line have acted as a support line and provided a window for NG price...