CRUDE_ CLQ18  #crudeoilfutures

Weekly – after four weeks in a move down Crude rally’s into the close of the week. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Long. The 66.56 long entry was triggered in the pre-markets. Trade pressures are up. Volumes are bullish.

The next target up is 70.68.

A close below the 67.41 and the 25×5 moving average at 67.15 would signal lower.

Use 67.41 as the stop.

72.69 is the prior high, use that level as the profit stop.

[6-27-18: the 73.06 high for the day triggered the profit stop at 72.69, for a nice profit for the week.]

 

NAT GAS_ QNQ18  #naturalgasfutures

Weekly – testing the 3.02 upside weekly target level. Trade pressures are up. Volumes are now bearish.

Daily – Flat. Sitting on the 25×5 support level. Trade pressures are in the neutral zone. Volumes are bearish.

The 2.90 short entry level has been touched. The next trade thru would activate the short trade.

The next target down 2.66.

A close above the 3,05 prior high would signal a new long trade.