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CRUDE_ CLM20

Weekly – Continues the rally off the April lows. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Flat. Still in the move up of the 10.64 long entry. Trade pressures are up, but extended. Volumes are bullish.

The next target up is 31.54.

But what will happen near the expiration of this June contract?
A close below 21.35 would signal lower.

 

NAT GAS_ NGM20

Weekly – The long slide down continues. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Broke down from the rising channel. Trade pressures are down but turning up. Volumes are bearish.

The next target down is the prior low at 1.59.

A close above the 1.77 would start a new move up.