#crudeoilfutures #naturalgasfutures
CRUDE_ CLZ21
Weekly – In the weekly move up. Trade pressures are up. Volumes are bullish.
Daily – Flat. In the move up from the 70.00 breakout on 9-15. Trade pressures are up. and trending. Volumes are bullish.
The next target up is 84.77. A close below 81.36 would signal lower.
NAT GAS_ NGZ21
Weekly – In the retracement of the October 5th spike high. Trade pressures are down into the neutral zone. Volumes are neutral.
Daily – Flat. In the retracement down from the highs. Trade pressures are now up. Volumes remain neutral.
The next target up is 5.65. looking for a back-test of the 25×5 MA at 5.10 to re-enter the long.
A close below 4.82 would signal lower and is the long stop.