Oil & Gas

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CRUDE_ CLJ19

Weekly – The rally has taken price to the 200 week MA. Trade pressures are now up. Volumes are bullish.

Daily – Flat. In the move up from the 54.72 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 59.76.

A close below 54.87 would signal lower.

 

NAT GAS_ QNJ19

Weekly – Remains in the downtrend. Trade pressures are down and trending. Volumes are neutral.

Daily –  Flat. Consolidating at the 2.56 down side target. Trade pressures are n ow up. Volumes are bullish.

Remains in the down trend with resistance at the 2,78 level.

The next target down is 1.86.

A close above 3.07 would signal higher.