CRUDE_ CLV17  #crudeoilfutures

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

Daily – Flat. In the move down from 48.03. Trade pressures are down into the neutral zone. Volumes are bullish.

Touched the 45.49 downside target. The next target down is 44.29.

A close above 47.51 would signal higher. The weekly close is 47.29; be alert for a move up.

[9-5-17: long at the entry price of 47.51.]

[Set stop at 47.15.] [Now 9-5-17 pm, raise stops to 47.51 breakeven.]

[9-7-17 Update: raise stops to 48.12]

 

NAT GAS_ QNV17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from 2.95. Trade pressures are up. Volumes are bullish.

The late week breakout has price very close to the 3.09 target. The next target up is 3.18.

A close below the 25×5 moving average at 2.90 would signal lower.