Oil & Gas

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CDRUDE_ CLK19

Weekly – In the move up from the 51.96 level. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from 54.99. Trade pressures are down into the neutral zone. Volumes are bullish.

Consolidating at the 589.95 upside target. The next target up is 64.91.

A close below 57.49 would signal lower.

 

NAT GAS_ QNK19

Weekly – Continues to base at the 2.57 lows. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down. Trade pressures are down. Volumes are bearish.

The next target down is 2.24.

A close above 3.08 would signal higher.