CRUDE_ GCK17  #crudeoilfutures

Weekly – Remains in the downtrend until a crossover of 57.37. Trade pressures are up. Volumes are again bullish.

Daily – Flat. The long trade was stopped out at 50.80. Trade pressure are up. Volumes are bullish.

The next target up is 54.28.

A close below 50.53 would signal a new move lower.

The Syrian bombing produced a spike upward and then a similar retreat to the 52 level.

 

NAT GAS_ QNK17  #naturalgasfutures

Weekly – Experiencing a six week rally inside the downtrend. Trade pressures are up.  Volumes are bullish.

Daily – Flat. In the move up from 2.99. Trade pressures are up and trending. Volumes are bullish.

At the first profit target of 3.29. The next target up is 3.43.

A close below 3.02 could signal a new move down.