#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ20

Weekly – Tracking sideways down the 42 line. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. Testing the downtrend resistance line and the 200 day MA. Trade pressures are up. Volumes are bullish.

The next target down is 35.86.

A close above the 200 day MA at 41.12 would signal higher.

 

NAT GAS_ NGX20

Weekly – Remains in the up trend but testing support. Trade pressures are up into the neutral zone.

Daily – Flat. In the move up from the 2.62 level. Trade pressures are up into the neutral zone. Volumes are bullish.

Rallied off the the entry price to the 2.90 then back-tested the entry price; and now in a new leg up. The next target up is the 2.90 resistance level once again.

A close below 2.40 would signal lower.