CRUDE_ CLK17  #crudeoilfutures

Weekly – Downtrend remains intact. Trade pressures are down volumes are bearish. The weekly down side target is 41.00,

Daily – Flat. Met both downside targets. Trade pressures are down. Volumes are mixed, bearish for the first four days, then big short covering on Friday.

The weekly downside target of 41.00 is next.

The close above 45.28 triggered a new long entry, need confirmation on Monday.

 

NAT GAS_ QNM17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. Trade pressures are up out of the neutral zone. Volumes are mixed, bearish changing to bullish.

A close above 3.28 would signal higher.

A close below 3.10 would signal lower.