Oil & Gas

CRUDE_ CLN16

Weekly – In the move up. Trade pressures are up. Volumes have  been bullish since mid February.

Daily – Flat. The next target up is 50.09. Trade pressures are up. Volumes are bullish.

The next target up is 50.09.

Need a close below 42.39 to signal lower.

44.59 is a stop level.

 

NAT GAS_ QNM16

Weekly – Still in the side ways move. Trade pressures are down. Volumes remain neutral.

Daily – Flat. The next long entry is 2.07. Trade pressures are down. Volumes are mixed, bullish to neutral.

Low probability trade. Wait.