#crudeoilfutures #naturalgasfutures
CRUDE_ CLZ19
Weekly – Appears to be putting in a triple bottom. Trade pressures are up. Volumes are bearish.
Daily – Flat. In the move up from the 54.31 long entry. Trade pressures are up. Volumes are bullish.
Weekly pressures up and daily at resistance, looking for a short daily pullback at these levels and then to resume the move up.
The next target up is 57.54.
A close below 54.13 would signal lower.
NAT GAS_ NQZ19
Weekly – In the down trend. Trade pressures are down but turning up. Volumes are bearish.
Daily – Flat. Still in the move down, but attempting the new long entry at 2.50. Trade pressures are up. Volumes are bearish.
The next target down is 2.19.
A close above 2.50 would signal higher.