CRUDE_ CLN17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are up but declining. Volumes remain bearish.

Daily – Flat. In the move down from the 49.53 level. Trade pressures are down. Volumes remain bearish.

The next target down is 45.54. The recent spike low is 44.10.

A close above 48.56 would be required to signal a new move up.

 

NAT GAS_ QNN17  #naturalgasfutures

Weekly – A break to the downside this last week. Trade pressures are down. Volumes are now bearish.

Daily – Flat. The break down below the 3.21 short entry level has signaled anew move down. Trade pressures are down. Volumes are bearish.

The next target down is first the recent low pivot at 2.87, the 2.65.

Need a close above 3.13 to signal higher.