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CRUDE_ CLJ19

Weekly – In the downtrend with support at the $62 level. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. The 54.98 level was  touched Friday 3/8/19, but the closed above at 56.07 for an immediate trading loss. Trade pressures are down. Volumes are bullish.

The short signal was invalidated with the close above the 54.98 ;level.

But still look for a new short entry on lower time frames.

[Lesson: don’t anticipate the signals.]

 

NAT GAS_ QNj19

Weekly – 2.57 is the contract low. Trade pressures are down and trending. Volumes are neutral.

Daily – Flat. A nice move up to 2.86 off the lows. Trade pressures are up and trending. Volumes are bullish.

The next move up would start with a close above the 3.08 level.

A close below the 2.68 level would signal lower.