From time to time, October become starting point of bullish for NG.
Winter will push demand more higher, while supply remain flat.
if we look from historical data :
Oct'12, NG gain 43%
Oct'13 NG rose 16.99% and gain 94% at Feb'14
Oct'14 NG start bullish at week 3 Oct and gain 28.44%
Oct'15 NG only success to get 7.21% with geopolitical tension increase
Oct'16 NG rose 17.25%, and break new low at nov. After that continue again with 56.7%
Oct'17
We can see 3.438 will become strong resistance for NG, if bullish perform, this will become key level before continue to reach more high around 4.001 with 37.67% target profit
Winter will push demand more higher, while supply remain flat.
if we look from historical data :
Oct'12, NG gain 43%
Oct'13 NG rose 16.99% and gain 94% at Feb'14
Oct'14 NG start bullish at week 3 Oct and gain 28.44%
Oct'15 NG only success to get 7.21% with geopolitical tension increase
Oct'16 NG rose 17.25%, and break new low at nov. After that continue again with 56.7%
Oct'17
We can see 3.438 will become strong resistance for NG, if bullish perform, this will become key level before continue to reach more high around 4.001 with 37.67% target profit
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NG 2015
www.tradingview.com/...sh-to-february-2015/