CRUDE_ CLM17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Long. In at 45.88 above the 45.35 entry. Trade pressures are down but rising. Volumes turned bullish to neutral to bullish.

The target of 47.93 has been reached. The next target up is 50.54 and is the likely profit taking level.

Move the stop to the entry level of 45.35.

[5-16-17: move the stop to the first target of 47.93.]

[5-19-17: take profits at the 50.54 second profit target. Sell the June contract at the market on close, if not taken out by the limit order.]

 

NAT GAS_ QNM17  #naturalgasfutures

Weekly – Moving up in the downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. The 3.28 long entry was triggered on 5/10. Trade pressures are up. Volumes turned bullish.

The next target up is 3.53. Resistance is expected at the prior high of 3.44.

A close below 3.25 could signal lower.

Set the stop at the entry price of 3.28.

[5-16-17: stopped out at 3.28 in the evening session @ a break-even.]