#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ19

Weekly – Six weeks into the move up. Meeting resistance at the 200 week MA. Trade pressures are rising out of the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 54.71 new long entry. Trade pressures are up. Volumes are bullish and unusually large.

The next target up is 57.57.

A close below 54.63 would signal lower.

Set the stops at 54.63.

[2-19-19: Raise the stops to 55.66, the low of the morning.]

[2-19-19: Raise stops to 56.10 in the night session.]

[2-20-19: stopped out at the 56.10 stop.]

 

NAT GAS_ QNJ19

Weekly – In the move down and below all 2018 lows. Trade pressures are in the neutral zone.

Daily – Flat. At the 2.55 downside target. Trade pressures are down. Volumes are bearish.

A close above the 2.69 level would signal higher.