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CRUDE CLF19

Weekly – The 50.16 target was met the prior week.  Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. The $50 level is holding and has acted as support for a week of consolidation. Trade pressures are down hard. Volumes are neutral to bearish.

The next target down is the weekly 2017 low pivot at 41.53.

A close above the 53.28 level would signal higher.

 

NAT GAS_ QNF19

Weekly – The 4.50 level is developing as a consolidation area. Trade pressures are up and extended. Volumes are now neutral.

Daily – Flat. At the 4.55 extended target. Wide ranging consolidation as price seeks the new equilibrium. Trade pressures are down into the neutral zone. Volumes are bullish.

A close below 4.52 would signal lower. The next target down is 4.13.

A close above 4.77 would signal higher.

But, as said before, the daily ranges are too wide.

No Trades.