CRUDE_ CLH18  #crudeoilfutures

Weekly – The retracement stopped at the short term moving average. trade pressures are up. volumes remain bullish.

Daily – Flat. The retracement move down stopped at the the two prior upside targets, 55.70 and 55.80. Trade pressures are now up and rising again. Volumes have returned to bullish.

The next target up is 59.71.

Any stops would be at the 55.50 level.

 

NAT GAS_ QNH18  #natgasfutures

Weekly – The decline continues. Trade pressures are up but declining and near the neutral zone. Volumes have returned to bearish.

Daily – Flat. Thanksgiving week was a complete rout. Trade pressures are down. Volumes decidedly bearish.

No trades.