CRUDE_ CLK17  #crudeoilfutures

Weekly – Still in the weekly downtrend. Trade pressures are down but turning up. Volumes have changed from bearish to bullish.

Daily – Long. In the long trade from 49.79. Trade pressures are rising thru the neutral zone. Volumes are bullish.

The trade is up and near the 25×5 moving average.

Raise the stops to the long entry of 49.79.

The next target up is 54.29.

A close below 48.44 would signal a new move lower.

{4-5-17 Update: raise stops to 50.82.]

 

NAT GAS_ QNK17  #naturalgasfutures

Weekly – Still in the downtrend.Trade pressures are now up. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from the 2.97 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 3.43.

A close below 2.92 would signal a new move lower.