CRUDE_ CLM17  #crudeoilfutures

Weekly – Remains in the downtrend from the summer of 2016. Trade pressures are up but turning down. Volumes have changed from bullish to bearish.

Daily – Flat. In the retracement move down from 51.86. Trade pressures are down into the neutral zone. Volumes are mixed neutral to bearish.

The next target down is 47.96.

Need a close back above 50.28 to signal a resumption of the move up.

 

NAT GAS_ QMM17  #naturalgasfutures

Weekly – Remains in the downtrend started October 2016. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In a retracement uptrend. Trade pressures are down and trending. Volumes are mixed neutral to bearish.

The next target up is 3.52.

A close below 3.10 would signal a resumption of the down-move and a 2.60 downside target.