Oil & Gas

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 65.36 entry. Trade pressures are up. Volumes are bearish.

At the 71.02 target. The next target up is 75.67.

A close below 68.53 would signal lower.

 

NAT GAS_ QNZ18

Weekly – In a new down trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Now above the 25×5 moving average, so look for a pullback to enter long. Trade pressures are up. Volumes are bullish.

The next target up is 3.07.

A close below the 25×5 moving average would signal a resumption of the move down.