Crude_ CLN17  #crudeoilfutures

Weekly – A rally inside the downtrend. Trade pressures are up. Volumes have changed from bearish to bullish.

Daily – Flat. The second attempt at a short failed at the 25×5 moving average; never getting out of the neutral zone.. Trade pressures are up out of the neutral zone. Volumes are bullish.

Still in the move up off the 42.20 low pivot.

The next target up is 50.16.

A close below 47.66 would signal lower.

Wait for the new month contract.

 

NAT GAS_ QNU17  #naturalgasfutures

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

Daily – Flat. In a new move down from the 2.92 level. Trade pressures are down but rising to the neutral zone. Volumes are bearish.

Running counter to the Crude move.

The next target down is 2.65.

Need a close above the 3.05 pivot to restart any move up.