Oil & Gas

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CRUDE_ CLZ18

Weekly – In the move down after breaking the weekly 25×5 moving average. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the sharp reversal down from the 74.37 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 60.79.

A close above 65.74 would signal higher.

 

NAT GAS_ QNZ18

Weekly – Held support at the 25×5 moving average amidst the market turmoil. Trade pressures are up. Volumes are bullish.

Daily – Flat. No trades as the volatility exceeds most of the trading levels. Trade pressures are up. Volumes are mixed, neutral to bullish.

In the move down from the 3.43 high. the next target down is 3.08.

A close above the 3.30 level signals higher.