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CRUDE_ CLM19

Weekly – Four weeks into this uptrend. Trade pressures are up. Volumes are bearish for the first time in months.

Daily – Short. The close below 63.70 on Friday triggers the new short trade. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 59.00. [Fixed prior typo from 69 to 59]

A close back above 65.72 would signal higher and also stop the current short trade.

[5-1-19: lower stops to the 64.00 level, just above the prior high pivot.]

[5-2-19: Lower stops to the prior uptrend support line at 61.89.]

[5-3-19: Stopped out at the 61.89 level for a nice profit.]

 

NAT GAS_ QNM19

Weekly – Still in the downtrend. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 2.65 short entry level. Trade pressures are down but rising. Volumes are bullish.

Te next target down is 2.24.

A close above 2.98 is required the start a new move up.

 

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CRUDE_ CLM19

Weekly – In the move up from the 61 level. Trade pressures are up. Volumes remain bullish.

Daily  – Flat. At the 64.91 target area and in consolidation. Trade pressures are up but declining. Volumes are now neutral.

The next target up is this 64.91 level. Beyond that is the 72 .94 target.

A close below 61.89 would signal lower.

 

NAT GAS__ QNM19

Weekly – Price breaks below the 2.57 low. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 2.65 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.24.

A close above 2.90 would signal higher.

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CRUDE_ CLK19

Weekly – Contract rolls late this week. Trade pressures are up. Volumes are bullish. The next weekly target up is 65.24.

Daily – Flat. The 64.91 target is acting as resistance. Trade pressures are declining and are near the neutral zone. Volumes are mixed bearish then bullish.

The next target up is the 64.91.

A close below the 61.89 level would signal lower.

 

N GAS_ QNK19

Weekly – Continues the basing action at the 2.57 level. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the new short entry of 2.66. Trade pressures are rising. Volumes are bearish.

A close above the 3.08 level would signal higher.

Slow trading so no trade here.

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CRUDE_ CLK19

Weekly – The Friday close is a breakout of the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Still in the move up from the 54.97 February long entry, Trade pressures are up. Volumes are bullish.

The next target up is 64.91.

A close below 60.44 would signal lower.

 

NAT GAS_ QNK19

Weekly – Still in basing mode. Trade  pressures are down. Volumes are bearish.

Daily – Flat. Sideways. Trade pressures are down but rising. Volumes are bearish.

Entered a new short trade at the 2.65 level, but the next target down is 2.56.

So, risk higher than reward.

No trade.

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CDRUDE_ CLK19

Weekly – In the move up from the 51.96 level. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from 54.99. Trade pressures are down into the neutral zone. Volumes are bullish.

Consolidating at the 589.95 upside target. The next target up is 64.91.

A close below 57.49 would signal lower.

 

NAT GAS_ QNK19

Weekly – Continues to base at the 2.57 lows. Trade pressures are in the neutral zone. Volumes are bearish.

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

The next target down is 2.24.

A close above 3.08 would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK19

Weekly – Remains in the move up from the 51.00 level inside the downtrend line. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. The move up was stopped at the 59.95 target line. Trade pressures are up but turning down. Volumes are bearish.

The next target up is 64.91.

A close below 57/49 would signal lower.

 

NAT GAS_ QNK19

Weekly – Still basing at the 2.70 – 2.80 levels. Trade pressures are down. Volumes a re neutral.

Daily – Flat. Still in the move down and consolidating at the 2.56 levels. Trade pressures are down into the neutral zone. Volumes are bearish.

Need a close above 2.08 to start a new move up.

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CRUDE_ CLK19

Weekly – May contract. Remains in the downtrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 54.99. Trade pressures are up. Volumes are bullish.

The next target up is 59.95.

A close below the 56.24 level will signal lower.

 

NAT GAS_ QNJ19

Weekly – Still in the downtrend. Trade pressures are down and trending. Volumes are neutral.

Daily – Flat. In consolidation after the 2.56 downside target. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target down would be a retest of the 2.56 low.

A close above 3.08 would signal a new move up.

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CRUDE_ CLJ19

Weekly – In the downtrend with support at the $62 level. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. The 54.98 level was  touched Friday 3/8/19, but the closed above at 56.07 for an immediate trading loss. Trade pressures are down. Volumes are bullish.

The short signal was invalidated with the close above the 54.98 ;level.

But still look for a new short entry on lower time frames.

[Lesson: don’t anticipate the signals.]

 

NAT GAS_ QNj19

Weekly – 2.57 is the contract low. Trade pressures are down and trending. Volumes are neutral.

Daily – Flat. A nice move up to 2.86 off the lows. Trade pressures are up and trending. Volumes are bullish.

The next move up would start with a close above the 3.08 level.

A close below the 2.68 level would signal lower.

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CRUDE_ CLJ19

Weekly – Remains in the downtrend. Trade pressures are down but rising.  Volumes are bullish for eight weeks.

Daily – Flat. Still in the move up from the 54.72 entry. Trade pressures are up but turning down. Volumes are bearish.

The next target up is 59.75.

A close below 54.98 would signal lower.

[3-8-19: trading below the 54.98 short entry. Short. Set the stops at 56.11.]

[3-8-19: Stopped out of the short trade at a $1.13 loss per contract at the close.]

 

NAT GAS_ QNJ19

Weekly – In consolidation at the 2.55 level. Trade pressures are down and tending. Volumes are neutral and very light.

Daily – Flat. Just rising off  the 256 lows. Trade pressures are up. Volumes are now bullish.

A close above the 3.07 level is required to signal long once again.

 

 

 

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CRUDE_ CLJ19

Weekly – The rally has taken price to the 200 week MA. Trade pressures are now up. Volumes are bullish.

Daily – Flat. In the move up from the 54.72 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 59.76.

A close below 54.87 would signal lower.

 

NAT GAS_ QNJ19

Weekly – Remains in the downtrend. Trade pressures are down and trending. Volumes are neutral.

Daily –  Flat. Consolidating at the 2.56 down side target. Trade pressures are n ow up. Volumes are bullish.

Remains in the down trend with resistance at the 2,78 level.

The next target down is 1.86.

A close above 3.07 would signal higher.