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CRUDE_ CLZ18

Weekly – Broke above the weekly extended target, which might indicate a new trading range. Trade pressures are up. Volumes are bearish.

Daily – Flat. Missed the move of the $68 level. Trade pressures are up and extended. Volumes are bullish.

At the 75.67 upside target and seeing a pull back from that level.

The next target up is 78.09.

A close below 73.87 would signal lower.

 

NAT GAS_  QNZ18

Weekly – The week broke above the downtrend resistance line.Trade pressures are up. Volumes are bearish for these two weeks.

Daily – Flat. the strong rally took the trade thru the 3.21 target. Trade pressures are up and trending. Volumes are mixed bearish to neutral.

The spike up reversed and now the short entry signal is triggered.

But as before the volatility is too high; so, avoid the trade.