Oil & Gas

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CRUDE_ CLZ18

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish. At the 73.02 target level.

Daily – Flat. In the move up from the 65.36 long entry. Trade pressures are up and extended. Volumes are bullish.

The next target up is 75.67.

A close below 70.71 would signal lower.

 

NAT GAS_ QNZ18

Weekly – In the long, flat uptrend of 2018. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. After the rally of last week, price is now stalled at the 3.05 level. Trade pressures are up and extended. Volumes are bullish.

The next target up is 3.21.

A retracement signal lower has been triggered at 3.11, but the volatility is too high to trade that level.

No trade.