CRUDE_ CLG17  #crudeoilfutures

Weekly – Six weeks of a move up has crude at the downtrend resistance level. Trade pressures are up and trending. Volumes remain bullish.

Daily – Flat. In consolidation after reaching the 55.06 profit level. Trade pressures are trapped in the neutral zone and showing no direction. Volumes remain neutral.

The next target up is 62.

Sitting on the 52.86 short entry level, but the neutral volumes say wait.

 

NAT GAS_ QNG17  #naturalgasfutures

Weekly – reached the downtrend resistance level and began a pullback. Trade pressures are down. Volumes have changed from bullish to neutral.

Daily – Flat. In a move down from the 3.62 entry. Trade pressures are down. Volumes are bearish.

At the 3.18 first profit target. The next target down is 2.73.

A close above 3.45 would signal higher.