CRUDE_ CLZ16  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are still down. Volumes remain bearish.

Daily – Flat. The short trade was stopped out at the 43.75 first profit target. Trade pressures are down and very extended.  Volumes are mixed bullish to bearish.

Now consolidating at the 43.75 profit target. The next target down is 41.03.

A close above 41.00 would signal higher.

 

NAT GAS_ QNZ16  #naturalgasfutures

Weekly – In the new downtrend. Trade pressures are down.  Volumes are bearish.

Daily – Flat. Dropped thru the 2 .80 target. Trade pressures are down and extended. Volumes are bearish.

The next target down is 2.23.

A close above 2.73 would signal higher.