Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ19

Weekly – In the down trend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 56.31 long entry. Trade pressures are up but declining. Volumes are neutral.

The next target up is 64.20.

A close below 56.23 would signal lower.

 

NAT GAS_ QNQ19

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are now bullish.

Daily – Flat. Remains in the downtrend, but in a retracement move up from the 2.19 long entry. Trade pressures are up. Volumes are bullish.

Testing the resistance line of the downtrend. The next target up is 2.49.

A close below 2.34 would signal lower.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.