Oil & Gas

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CRUDE_ CLG19

Weekly – In the move down from the 67.25 level. Trade pressures remain down. Volumes are bearish.

Daily – Flat. In the second leg down from the 48.30 level. Trade pressures are down. Volumes are bearish.

The next target down is 37.74.

Need a close above 45.88 to signal higher.

 

NAT GAS_ QNG19

Weekly – Back to the 25×5 MA and support at 3.30. Trade pressures are down into the neutral zone.

Daily – Flat. At the 3.19 downside target level. Trade pressures are down. Volumes are bearish.

The next target down is 2.760.

A close above 3.74 would signal higher.