#crudeoilfutures #naturalgasfutures
CRUDE_ CLZ19
Weekly – In a retracement move up inside the downtrend. Trade pressures are up. Volumes are bullish.
Daily – Flat. In the move up from the 54.42 long entry price. Trade pressures are up. Volumes are bullish.
The next target up is 57.65., Then 59.14.
A close below 54.00 would signal lower. Set the stops at the entry price.
NAT GAS_ NGZ19
Weekly – In the downtrend and basing. Trade pressures are up. Volumes are bullish.
Daily – Flat. In the move down from the 2.76 short entry level. Trade pressures are down but rising. Volumes are bearish.
The next target down is 2.56.
A close above 2.70 would signal higher.
Set short stops here at the 2.70.