CRUDE_ CLN17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. The June contract was closed near the 50.54 upside target for a nice profit. Trade pressures are up. Volumes are bullish.

Would look for a pullback to re-enter the long trade; somewhere between 48.43 and 46.86.

The next target up is 51.36.

 

NATGAS_  QNM17  #naturalgasfutures

Weekly – Not much direction (slope). Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are down but turning up. Volumes are bearish to neutral.

Need a close above 3.28 to restart the long trade.