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CRUDE_ CLG19

Weekly – Continues the consolidation at the $50 level. Trade pressures are down. Volumes have changed from neutral to bearish.

Daily – Flat. moving right to meet the downtrending 25×5 MA @53.81. Trade pressures have risen into the neutral zone. Volumes are bearish.

The next target down is 44.77.

Need a close above the 53.46 level to move up.

New logo stops will be at the recent lows of $49.92.

 

NAT GAS_ QNF19

Weekly – In the pullback after the big rally. Trade pressures are up but turning down. Volumes are bearish again.

Daily – Flat. In the retracement move down from the 4.58 short entry. Trade pressures are down. Volumes are bearish.

At the 100% target. Below the 255 MA. The next target down is 3.29 which would retrace the full move up.

A close above the 25×5 @4.35 would signal higher once again.