CRUDE_ CLH18  #crudeoilfutres

Weekly – The 63.39 upside target was reached but failed to act as support. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Short. In the move down from the 62.83 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 56.64.

A close above 62.81 would signal higher.

Set the stops at this 62.81

[2-11-18: lower stops to the hourly downtrend resistance line at 60.76.]

[2-12-18: stopped out in the overnight session.]

 

NAT GAS_ QNH18  #naturalgasfutures

Weekly – The move up was stopped by the downtrend resistance line. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the short entry at 3.04 and thru the first target of 2.69. Trade pressures are down. Volumes are bearish.

The next target down is 2.34.

A close above 2.82 would signal higher.