CRUDE_ CLU17  #crudeoilfutures

Weekly – Up against the 25×5 moving average resistance. Trade pressures are up. Volumes have turned from bullish to neutral.

Daily – Flat. In the move up from the 46.58 level. Trade pressures are up but declining. Volumes have turned bearish.

The 50.33 upside target has acted as resistance.

The next target up is 53.47.

A close below 47.88 would signal lower.

 

NAT GAS_ QNU17  #naturalgasfutures

Weekly – Remains in this long downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the new move up from the 2.90 level. Trade pressures are up. Volumes have turned to bullish.

The next target up is 3.06.

A close below the 2.75 prior low would signal lower again.