CRUDE_ CLX16  #crudeoilfutures

Weekly – In the downtrend. trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. This is a complex trade. the move up is still intact. however a retracement move down is happening inside that same move up. Trade pressures are down. Volumes are bearish but declining.

The down side retracement target is 42. Will have to see the pressures then to see if more downside is expected.

 

NAT GAS_ QNV16  #naturalgasfutures

Weekly – Remains in the uptrend. Trade pressures are rising into the neutral zone. Volumes have returned to bullish from last weeks neutral.

Daily – Flat. The 2.79 trade entry is still active. Trade pressures are up. Volumes are bullish.

Should have taken the 9-12 long entry as price move back thru the trigger.

Still Flat. But would raise stops to the long entry price.