CRUDE_ CLQ17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are down but starting to rise. Volumes have changed to neutral.

Daily – Short. The 44.92 short entry has not shown any follow thru. Trade pressures are up. Volumes are now bullish.

Price has moved up thru the 25×5 moving average which is bullish.

The trade stop is 47.32.

The next down side target remains 41.03.

[7-19-17: stopped out for a loss.]

 

NAT GAS_ QNQ17  #naturalgasfutures

Weekly – Months long downtrend. Trade pressures are down but rising. Volumes have changed from bearish top neutral.

Daily – Flat.  The 2.8250 low is looking like a double bottom. Trade pressures are up into the neutral zone. Volumes have changed to bullish.

The 2.98 is the new long entry, but the neutral trade pressures  and resistance at the 25×5 moving average are suggesting to wait.