#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – The 25×5 is support at the current levels Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down and consolidating at eh 66.93  downside target. Trade pressures are down . Volumes are now neutral.

The next target down is 61.00.

The downside pressures are extended. A close above 68.87 would signal higher. Stops at this level.

 

NAT GAS_ QNZ18

Weekly – In the move up from the 2.63 weekly level. Trade pressures are up and extended. Volumes are bullish.

Daily – Flat. Consolidating after reaching the 3.30 upside target. Trade pressures are down. Volumes are bearish.

In a retracement move down from the 3.43 highs. The next target down is 3.08.

A close above 3.29 would restart the move up.

High volatility is the problem. The trade levels and stops are inside the current volatility, so trade direction becomes meaningless.

No trades.