Category: Energy

Oil & Gas

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CRUDE_ CLX19

Weekly – Saudi Fire causes breakout to the upside. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the spike up to 63.10. Trade pressures are neutral. Volumes are neutral. Nobody cares?

The next target down is 56.61.

A pull back to 55.10 would find support at the lower median lines and provide a new long opportunity.

 

NAT GAS_ NGV19

Weekly – Traded above the resistance line but closed below. Trade pressures are rising in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 2.59 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.43.

A close above 2.70 would signal higher.

Look for a pull back near the 2.59 level to enter the short.

Oil & Gas

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CRUDE_ CLV19

Weekly – The ,long summer of consolidation around the 55 level. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down form the 56.12 short entry. At the lower median line. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 53.48.

A close above the upper median line at 58.18 would confirm higher. Watch the 53.48; if it holds as support can make a low risk long entry here at the lower median line and use the 53.48 as the stop.

 

NAT GAS_ NGV19

Weekly – Using the big contact (NG). Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Flat. The mini contract trade was stopped out at the 2.62 profit stop. Trade pressures are up but declining. Volumes are bullish.

The next target up is 2.72 at the upper median line.

A close below 2.53 would signal lower.

Oil & Gas

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CRUDE_ CLV19

Weekly – Sideways drift since May. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. A few wide ranging days . Trade pressures are in the neutral zone. Volumes are bullish.

A close below 55.12 would signal lower.

A close above 56.55 would signal higher.

 

NAT GAS_ QNV19

Weekly – In the retracement move up off the 2.05 lows. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 2.18. Trade pressures are up. Volumes are bullish.

The next target up is 2.62. Take profits at this 2.62.

A close below 2.39 would signal lower. Set stops at this 2.39.

[9-10-19: AM. Sold at the 2.62 profit Stop.]

 

Oil & Gas

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CRUDE_ CLV19

Weekly – 52.30 remains the entry for the January long move up. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move up from the 52.95 long entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target up is 56.71.

A close below the lower median line at 52.61 would signal lower.

 

NAT GAS_ QNZ19

Weekly – Still in the down trend. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the long trade from the 2.18 entry. Trade pressures are up Volumes are bullish.

The next target up is 2.40.

A close below the median line at 2.10 would signal lower.

Set stops a t the 2.18 entry price.

[9-4-19: Raise the stop to the 2.31 old resistance level. The next target up is 2.62. Take profits at the 2.62 level.]

Oil & Gas

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CRUDE_ CLV19

Weekly – Still in consolidation at the 52-53 level. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. Now in the retracement down inside a longer move up. Trade pressures are down. Volumes are bearish.

The next target down is 50.89.

A close above 57.42 would signal higher.

 

NAT GAS_ QNV19

Weekly – Still at the lows. Trade pressures are down. Volumes are bearish.

Daily – Long. In the move up from the 2.12 level. Trade pressures are down. Volumes are bearish.

Pulled back to the lower median line.

Take a low risk entry here at 2.18 with a stop at the 2.03 lows.

The next target up is 2.21.

Oil & Gas

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CRUDE_ CLU19

Weekly – Still in the 2019 long move up. Trade pressures are flat in the neutral zone. Volumes are bullish.

Daily – Flat. In the retracement move up from the 52.99 long entry. Trade pressures are up. Volumes are bullish.

The confluence of the 56.71 target and the median line stopped the trade. The next target up is 60.57.

A close below 54.93 would signal lower.

 

NAT GAS_ QNU19

Weekly – Stuck on the lows. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the retracement move up. Trade pressures are up. Volumes are bullish.

In the move up from the 2.12 level. The next target up is 2.25.

A close below 2.10 and the lower median line would signal lower.

 

Oil & Gas

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CRUDE_ CLU19

Weekly – In the move up from the 52.31 January long entry. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Long. The move down has reached the 51.07 short target. Now in a new retracement up. Trade pressures are down. Volumes are bullish.

The 52.04 level triggered the new long entry. The next target up is 55.57.

A close below the 50.52 low would signal a continuation of the move lower.

Move stops up to the entry price at the earliest.

 

NAT GAS QNU19

Weekly – Continuing new intraday lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 2.03 lows seem to be holding. Trade pressures are down. Volumes are bearish.

The next target down is 1.93.

A close above 2.13 would signal a new move up.

Oil & Gas

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Weekly – In consolidation with a bias lower. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. In the move down from the 57.26 level. Trade pressures are down. Volumes are neutral.

The next target  down is 51.07.

A close above 56.11 would signal higher.

 

NAT GAS_ QNU19.

Weekly – Continues lower. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from 2.24. Trade pressures are down. Volumes are bearish.

The next target down is 2.03 .

A close above 2.15 would signal higher.

Oil & Gas

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CRUDE CLU19

Weekly – A flat week this prior week. Trade pressures are neutral. Volumes are also neutral.

Daily – Short. In the short trade from the 57.03 short entry price. Trade pressures are down. Volumes are bearish.

The next target down is 53.79.

A close above 57.37 would signal higher.

Set the stop at this 57.37.

[7-30-19: closed at the 57.37. stop for a loss.]

 

NAT GAS QNU19

Weekly – New lows . Trade pressures are down.  Volumes are bearish.

Daily – Flat. In the move down from the 2.34 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.03.

A close above 2.17 would signal higher.

Set any stop to 2.18.

 

Oil & Gas

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CRUDE_ CLU19

Weekly – Headed for a retest of the prior long entry level at 52. Trade pressures are neutral Volumes are neutral.

Daily – Short. The close below 57.03 triggered the short entry. trade pressures are down. Volumes are bearish.

The next target down is 52.98.

A close above 53.39 would signal higher.

 

NAT GAS QNQ19

Weekly – Still basing. Volumes are neutral. Trade pressures are down but rising.

Daily – Flat. In the move down for the 2.38 short entry level. Trade pressures are down. Volumes are bearish.

The next target down is 2.23.

A close above the median line a 2.42 would signal higher.