#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ20

Weekly – dropped out of the the neutral zone. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 35.05 short entry. Trade pressures are down.. Volumes are bearish.

The next target down is 27.96.

A close above the 25×5 MA at 39.80 would signal a new move up.

 

NAT GAS_   NGZ20

Weekly – The uptrend support at 2.60 has held. Trade pressures are up. Volumes are bullish.

Daily – Flat. two ticks shy of the 3.41 target and closed slightly lower. Trade pressures are up.

The next target up is 3.41.

A close below 3.17 would signal a restart of the move down.