Oil & Gas

CRUDE_ CLH18  #crudeoilfutures

Weekly – The move up continues. Trade pressures are up and trending. Volumes are bullish.

Daily – Flat. In the move up from the 58.86 level. Trade pressures are up but showing some divergence. Volumes remain bullish.

The next target up is 68.35.

A close below 64 48 would signal lower.

 

NAT GAS_ QNH18  #naturalgasfutures

Weekly – thru the 2.94 weekly upside level. and now testing the downtrend resistance. Trade pressures are up and extended. Volumes are bullish.

Daily – Flat. In the move up[ and at the 3rd target level. Trade pressures are up and extended. volumes are bullish but declining.

The next target up is the weekly 3.44.

A close below 2.98 would signal lower.