CRUDE_ CLV16  #crudeoilfutures

Weekly – In the down trend. trade pressures have dropped quickly into the neutral zone. Volumes have turned to neutral from bullish.

Daily – Flat. The long trade was stopped out at the long entry of 44.63 for no gain. Trade pressures are down. Volumes have turned bullish from bearish at the Friday close.

The next target down is 40.90.

The long trade entry at 44.63 is still active but need trade pressure and volume support.

 

NAT GAS_ QNV16 #naturalgasfutures

Weekly – In the uptrend started in mid June. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. 2.79 was the new long entry but after a $.20 move has pulled back to the long entry.

The next target down is 2.52.