CRUDE_ CLM18  #crudeoilfutures      [correct the contract, should have been CLJ18]

Weekly – retesting the Dec 2017 lows. Trade pressures are down and trending side ways. Volumes are bearish.

Daily – Flat. The short trade was stopped out at the 62.21 break-even. Trade pressures are up. Volumes are now bullish.

The Friday break above the 25×5 needs some confirmation; a close above the older 62.64 long  entry level.

The hourly is over-bot so watch for a recycle.

Support is at 58.74 the 25×5 moving average.

[3-20-18: traded thru the 62.64, buy on pullbacks. Set the stop at 60.01]

[3-20-18: Long at the close, 63.58. Set the stop at the 62.64 long entry.]

[3-21-18: next target up is 66.35.]

{3-23-18: Raise stops to the actual entry price of 63.58.]

 

NAT GAS_ QNJ18  #naturalgasfutures

Weekly – Moving along the 25×5 moving average. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move down from the 3.10 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.53.

A close above the 2.83 long entry level would signal higher.