CRUDE_ CLH18  #crudeoilfutures

Weekly – The break above the 63.39 level has started consolidation. Trade pressures are up and trending. Volumes are bullish.

Daily – Flat. Some retracement is expected off the weekly levels and the daily 63.60 level. Trade pressures are up but turning down. Volumes are still bullish.

The next target up is 68.35.

A close below 62.28 would setup a retracement to the 60 level.

 

NATGAS_ QNH18  #naturalgasfutures

Weekly – At the 25×5 moving average resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. At the 3.28 upside target. Trade pressures are up. Volumes are bullish.

The next target up is the 3.32 pivot high.

A close below 3.10 would signal lower.