CRUDE CLK18  #crudeoilfutures

Weekly – A rally into the prior highs of Later  January. Trade pressures are up into the neutral zone. Volumes have changed from neutral to bullish. Back above the weekly 63.29 level.

Daily – Long. In  the move up from the 62.64 level. Trade pressures are up. Volumes are bullish.

The next target up is 66.36 and the 66.55 prior high. Take profits at these levels.

Raise the stop to 64.11, the Friday low.

A close below 63.97 would signal lower.

[3-25-18:  66.36 profit limit hit in the Sunday nite session.]

 

NAT GAS_ QNK18  #naturalgasfutures

Weekly – The January rally failed. The pullback has settled around the 25×5 moving average. Trade pressures are down. Volumes are bearish.

Daily – Flat. A new move down has been triggered inside the longer cycle move up. Trade pressures are down and extended. Volumes are bearish.

the 2.61 pivot is support. The next target down is that 2.61 and then the 2.40 downside target.

No trade unless the pivot is broken; or, we get a rally that fails.