CRUDE_ CLH17  #crudeoilfutures

Weekly – Downtrend continues. Trade pressures are down. Volumes have changed from bearish to bullish.

Daily – Flat. The 44.23 (adjusted) target has acted as support. Trade pressures are down but rising to near the neutral zone. Volumes are still bullish.

The next target down is 41.56.

The close above 45.26 has signaled a retracement move up of the larger move down. The next target up is 49.56.

 

NAT GAS_ QNZ16  #naturalgasfutures

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

Daily – Flat. Consolidating around the 2.80 downside target. Trade pressures are down but rising. Volumes are bullish.

The 2.73 retracement long entry has been triggered. The next target up is 3.01.

The long entry stop is 2.55.