---

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM19

Weekly – Four weeks into this uptrend. Trade pressures are up. Volumes are bearish for the first time in months.

Daily – Short. The close below 63.70 on Friday triggers the new short trade. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 59.00. [Fixed prior typo from 69 to 59]

A close back above 65.72 would signal higher and also stop the current short trade.

[5-1-19: lower stops to the 64.00 level, just above the prior high pivot.]

[5-2-19: Lower stops to the prior uptrend support line at 61.89.]

[5-3-19: Stopped out at the 61.89 level for a nice profit.]

 

NAT GAS_ QNM19

Weekly – Still in the downtrend. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 2.65 short entry level. Trade pressures are down but rising. Volumes are bullish.

Te next target down is 2.24.

A close above 2.98 is required the start a new move up.