Oil & gas

CRUDE_ CLQ17  #crudeoilfutures

Weekly – Continues the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 49.60 level. Trade pressures are down and trending. Volumes remain bearish.

The next target down is 41.70.

A move above 46.10 would be required to start a new move up.

 

NAT GAS_ QNN17  #naturalgasfutures

Weekly – In the down trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.21 level. Trade pressures are down but rising. Volumes are bullish.

A close above 3.09 would signal higher.

The next target down is 2.65.