Oil & Gas

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CRUDE_ CLV18

Weekly – Still riding the 25×5 moving average as support in the move up. Trade pressures are up in the neutral zone. Volumes are mixed neutral to bullish.

Daily – Flat. In the move up from the 8/22 66.81 level. Trade pressures are up. Volumes are bullish. The next target up is 71.18.

A close below 68.16 would signal lower.

 

NAT GAS_ QNV18

Weekly – Looking toppy. Trade pressures are up but turning down. Volumes are bullish.

Daily – Flat. In a retracement down inside the longer move up. Trade pressures are up into the neutral zone. Volumes are bullish.

In the move down from the 2.92 level. the next target down is 2.77.

A close above the 2.99 high pivot would signal higher.