Oil & Gas

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CRUDE_ CLj20

Weekly – Two weeks up off the lows. Trade pressures are rising thru the neutral zone. Volumes are bullish.

Daily  -Flat. In the move up from the 53.21 long entry level. Trade pressures are down. volumes are bullish.

Enter on the next bullish reversal of the trade pressures. The next target up is 56.84.

A close below 51.24 would signal lower.

 

NAT GAS_ NGJ20

Weekly – Still in the move down from the 2.28 short level. Trade pressures are rising into the neutral zone. Volumes remain bearish.

Daily – Flat. In the new move up. Trade pressures are down. Volumes are bearish.

enter after a bullish reversal of the trade pressures. The next target up is 2.11.

A close below 1.76 would signal lower.