Oil & Gas

CRUDE_ CLK17 #crudeoilfutures

Weekly – Up against the 25×5 moving average acting as resistance. Trade pressures are up. Volumes are bullish.

Daily –  Flat. Still in the move up from the 49.79 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 54.29.

A close below 51.35 would signal lower.

 

NAT GAS_ QNK17  #naturalgasfutures

Weekly – A rally in the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 2.99. Trade pressures are down. Volumes are neutral.

The next target up 3.42.

a close below 3.02 would signal lower.