Oil & Gas

CRUDE_ CLX17  #crudeoilfutures

Weekly – In the downtrend, but above the 25×5 moving average. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In the move up from the 48.00 level. Trade pressures are up. Volumes are bullish.

The next target up is 51.17.

A close below 48.71 would signal lower.

 

NAT GAS_ QNV17  #naturalgasfutures

Weekly – In the long downtrend. Testing the 25×5 moving average. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.93 level. Trade pressures are up. Volumes are bullish.

The next level up is 3.18.

A close below the 2.99 level would signal lower.