Oil & Gas

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CRUDE_ CLM19

Weekly – Has pulled back to the MA within the uptrend. Trade pressures are up but turned down. Volumes are now bullish for the week.

Daily – Flat. In the move down from the 63.70 level. Trade pressures are down but rising. Volumes are still bearish.

The next target down is 59.00.

A close above 63.40 would signal higher.

 

NAT GAS_ QNM19

Weekly – No change . still basing at the lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down but showing some change. Trade pressures are up. Volumes are bullish.

The next target down is 2.24.

A retracement move up is started to test the downtrend line at 2.70.

A close above 2.98 would signal higher.

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