CRUDE_ CLV18  #crudeoilfutures

Weekly – Still in the long move up from the late 2017 breakout. Trade pressures are up into the neutral zone. Volumes have returned to neutral from bearish.

Daily –  Flat. After a retracement back to the 64 level and the prior long entry, crude is now in a second leg up. Trade pressures are up. Volumes are now bullish.

At the downtrend resistance. The next target up is 71.27.

A close below the 25×5 moving average at 67.29 would signal lower.

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – After the 2017 yearend rally, natural gas has been drifting sideways. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.78 level. Trade pressures are up but turmimng down. Volumes are now bearish.

Nat gas is consolidating at the first profit target of 2.92.

The next target up is 3.07.

A close below the 25×5 moving average at 2.87 would signal lower.