Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN19

Weekly – Still in consolidation near the 65.24. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In the move down form the 63.70 level. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target down is Is 59.

The 60 minute pressures are nearing oversold. A close above 63.48 would signal higher.

 

NAT GAS_ QNN19

Weekly – Still consolidating at the 2.57 lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Retraced up to the 2.70 resistance levels. Trade pressures are up. Volumes are bullish.

The next target up is 2.76.

A close below 2.55 would signal lower once again.