Oil & Gas

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CRUDE_ CLH20

Weekly – In the move down but at support levels.Trade pressures are down. Volumes are bearish.

Daily – Flat. At downside target levels and testing the prior lows. trade pressures are down but showing some divergences. Volumes are bearish.

The next target down is 47.91.

A close above 54.12.

 

NAT GAS_ NGH20

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down. Volumes are bearish.

The next target down is 1.666.

The 180 min chart has signaled a new long. A daily close above 1.94 will signal higher.