#crudeoilfutures #naturalgasfutures

CRUDE_ CLM20

Weekly – The weekly close off the lows was a bullish volume bar. Trade pressures are down and showing another bearish reversal.

Daily – Flat. In the recovery move up off the 6.50 lows. Trade pressures are down but rising. Volumes are neutral.

The next target up is 20.79.

A close below 10.07 signals lower.

[The inflow of peak oil is still to arrive]

 

NAT GAS_ NGM20

Weekly – In the down trend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 1.82 long entry. Trade pressures are down, Volumes are neutral.

Looking for a retest of the bottom of the channel around 1.78 and the next bullish reversal of the trade pressures.

The next target up is 2.00.

A close below the prior low at 1.65 would signal lower.