#crudeoilfutures #naturalgasfutures

CRUDE_ CLX20

Weekly – Still in the ;log term downtrend. Trade pressures are down. V\olumes are bearish.

Daily – Flat. In the downtrend but up at the resistance levels. Trade pressures are up. Volumes are bullish.

The next target down is 35.05.

A close above the 25×5 MA at 40.50 would signal higher.

 

NAT GAS_ NGX20

Weekly – In the uptrend and now backtesting the support at 2.36. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 2.95 short entry. Trade pressures are up. Volumes are bullish.

The next target down is 2.48.

A close above the 200 day MA at 2.948 would signal higher. Look for a pullback before an entry.