CRUDE_ CLM18  #crudeoilfutures

Weekly – New contract. The Syrian issue caused a run-up in price. Trade pressures are up. Volumes are bullish and very strong – double the average contract volumes.

Daily – Flat. The long entry on the June contract was 64.00. Trade pressures are up. Volumes are bullish.

The move up went immediately to the first profit target of 67.47.

A close below 66.20 would signal lower. The May contracts roll mid week, so maybe some selling pressures.

 

NAT GAS_ QNK18  #naturalgasfutures

Weekly – The consolidation continues. Trade pressures are down.Volumes remain bearish.

Daily – Flat. The 2.60 level is the short entry level, but there has been no follow thru. Trade pressures are up into the neutral zone. Volumes are bullish.

No trades.