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CRUDE_ CLG19

Weekly – Bouncing off the 2017 lows. Trade pressures are down and trending. Volumes are now neutral.

Daily – Flat. In the second leg down. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target down is 37.74.

A close above the 200 day MA and 50.74 would signal higher.

Could stalk this new long with a shorter cycle, but the 25×5 MA is going to be resistance.

 

NAT GAS_ QNG19

Weekly – At the uptrend support line at 2.88. Trade pressures are down . Volumes are bearish.

Daily – Flat. In the move down. Trade pressures are down. Volumes are now neutral.

The next target down is 2.71.

A close above 3.38 would signal higher.