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CRUDE_ CLG19

Weekly – In a two week move up off the 2017 lows. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. The new long entry has been triggered at 50.74 but trade pressures are extended. Trade pressures up. Volumes are bullish.

The next target up is the 54.82 prior pivot.

A close below 48.82, the 25×5 MA, would signal lower.

Look for a pullback below the long entry price and a cycle of the trade pressures to enter.

 

NAT GAS_ QNG19

Weekly – Now back below the 25×5 weekly MA. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move down from the 3.59 short entry level. Trade pressures are down and trending. Volumes are now bullish.

The next target down is 2.71.

A close above 3.38 would signal higher.