CRUDE_ CLN17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are down but rising. Volumes have changed from neutral back to bearish.

Daily – Flat. The prior short trade was stopped out mid week, then the Friday loss validated the short call. Trade pressures are up but declining. Volumes have changed from bullish to bearish.

The new short level is 45.06 with a 41.17 downside target.

A close above 46.77 would signal higher.

 

NAT GAS_ QNQ17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are down and rising. Volumes are now neutral.

Daily – Flat. In the move up from 2.98. Trade pressures are down into the neutral zone. Volumes are now bearish.

The next target up is 3.19.

The Downtrend resistance line has stopped the move up.

A close below 2.90 would signal a new move down.