CRUDE_ CLN18  #crudeoilfutures

 

Weekly – testing the uptrend support line. Trade pressures are down into the neutral zone. Volumes remain bearish.

Daily – Flat. The short trade is still in place. Trade pressures are down. Volumes are bearish.

The short trade entered at 70.37 was stopped out at the 68.35 new long entry.

Price immediately returned to the move down and is now on the second leg down. The next target down is 64.23

A close above 68.67 would signal a new move up.

If, Short, use this level as a stop for the move down.

 

NAT GAS_ QNN18  #naturalgasfutures

Weekly – Still in the longer term move up. A good break out to new quarterly highs. Trade pressures are up. Volumes are very light and neutral.

Daily – Flat. In the move up from the 2,74 long entry. Trade pressures are up and trending. Volumes are bullish.

Now at the expected targets.

The wide ranging bars preclude any meaningful trades.