CRUDE_ CLQ18  #crudeoilfutures

Weekly – Second week of the pullback from 75.73. Trade pressures are still up. Volumes are now neutral.

Daily – Short. The move down thru the 73.00 short entry mid week started the new move down. Trade pressure are up but down near the neutral zone. Volumes are neutral.

The next target down is 69.58.

A close above 72.64 would signal higher once again.

This is a retracement in the uptrend.

Use 72.64 as the stop.

[Lower the stops to 70.38]

[7-18-18: close out the August contract at 68.14]

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – 3 weeks down. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 2.99 short entry. Trade pressures are down and trending. volumes are bearish.

The next target down is 2.66.

A close above 2.83 would signal higher.