Oil & Gas

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CRUDE_ CLV19

Weekly – Sideways drift since May. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. A few wide ranging days . Trade pressures are in the neutral zone. Volumes are bullish.

A close below 55.12 would signal lower.

A close above 56.55 would signal higher.

 

NAT GAS_ QNV19

Weekly – In the retracement move up off the 2.05 lows. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 2.18. Trade pressures are up. Volumes are bullish.

The next target up is 2.62. Take profits at this 2.62.

A close below 2.39 would signal lower. Set stops at this 2.39.

[9-10-19: AM. Sold at the 2.62 profit Stop.]