#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ19

Weekly – Six weeks into the move up. Meeting resistance at the 200 week MA. Trade pressures are rising out of the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 54.71 new long entry. Trade pressures are up. Volumes are bullish and unusually large.

The next target up is 57.57.

A close below 54.63 would signal lower.

Set the stops at 54.63.

[2-19-19: Raise the stops to 55.66, the low of the morning.]

[2-19-19: Raise stops to 56.10 in the night session.]

[2-20-19: stopped out at the 56.10 stop.]

 

NAT GAS_ QNJ19

Weekly – In the move down and below all 2018 lows. Trade pressures are in the neutral zone.

Daily – Flat. At the 2.55 downside target. Trade pressures are down. Volumes are bearish.

A close above the 2.69 level would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH19

Weekly – Seven week rally off the Christmas lows. Trade pressures have risen into the neutral zone. Volumes remain bullish.

Daily – Short. The trade up to the 55.88 target then down to the new short entry stopped the long trade. Trade pressures are down. Volumes are bearish.

The new short entry is 53.72. {Correction: short entry is 52.72} The next target down is the prior long entry at 50.90. This is a retracement trade so take profits at the first target.

A close above 54.97 would signal higher.

Set the stop for the short trade at 54.97.

[2-11-19: Lower the stop to the 52.72 short entry price.]

[2-12-19: Stopped at the 52.72 entry.]

 

NAT GAS_ QNH19

Weekly – In the downtrend. Trade pressures are down. Volumes are mixed bearish to neutral.

Daily – Flat. The 2.55 short target was reached. Trade pressures are down and trending. Volumes are bearish.

The next target down is 1.88.

A close above 3.05 would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH19

Weekly – Five weeks into the move up off the $42 low. Trade pressures are down but rising into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 50.74 long entry. Trade pressures are up but turning down. Volumes remain bullish.

The next target up is 55.88. Expect consolidation here.

A retracement below 52.72 would signal lower.

[2-5-19: stopped out at the 53.72 level.]

 

NAT GAS_ QNH19

Weekly – Now closing at 2.73 giving back the entire rally to 4.82. Trade pressures are down but rising. Volumes remain bearish.

Daily – Short. In the move down from the 3.22 level. Trade pressures are down and trending. Volumes are still bearish.

Despite the coldest week of winter is some years, price continues lower. The next target down is 2.548.

A close above 3.23 would signal higher.

Lower the stop to the recent low pivot, 2.75.

[2-6-19: Next target down is 2.55. Take profits here, if not stopped out at the 2.75 level.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH19

Weekly – A four week rally in the downtrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the move up from the 50.74 long entry. Trade pressures are up and trending. Volumes are bullish.

The next target up is the downward sloping median line at 56.26. If price can move above that level then the 64.31 target is in confluence with the 200 day MA and could act as an attractor.

Stops remain at the long entry price of 50.74.

[1-30-19: Raise the stops to the entry price of the shorter cycle, 53.23]

 

NAT GAS_ QNH19

Weekly – In the move down. Trade pressures are down but rising. Volumes have changed from neutral to bearish.

Daily – Short. In the move down from the 3.22 short entry. Trade pressures are down. Volumes are bearish.

The next target down is the 2.76 low and then the 2.54 downside target.

Stops are now the 3.22 entry price.

[1-30-19: Lower stops to the 200 day MA of 3.11.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH19

Weekly – In the third week of the move up off the 2017 lows. Trade pressures are down but rising. Volumes are bullish for two weeks.

Daily – Long.  In at the 50.74 new long entry. Trade pressures are up and trending. Volumes have turned neutral from the weeks of bullish.

The next target up is 64.40 and the 200 day MA.

The  change of volume to neutral on a big up volume day suggests substantial selling in to the rally.

A close below the 45.91 level would signal lower.

Move stops to the long entry price of 50.74.

 

NAT GAS_ QNG19

Weekly – The sell-off took price down to the uptrend support line, then rallied up to the 200 week MA, Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. The close above the 3.38 level triggered the new long move. Trade pressures are up. Volumes are now bullish.

The 25×5 MA has acted as resistance for the week. The next target up is the 3.86 recent pivot, then 4.02.

A close below the 3.20 200 day MA would signal lower once again.

This is very volatile price movement, do not trade this market unless prepared for the wide swings.

Stops at the 2.87 lows. Raise them to breakeven after a break above the 25×5 MA.

[1-25-19: Flat. out at contract expiration.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG19

Weekly – In a two week move up off the 2017 lows. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. The new long entry has been triggered at 50.74 but trade pressures are extended. Trade pressures up. Volumes are bullish.

The next target up is the 54.82 prior pivot.

A close below 48.82, the 25×5 MA, would signal lower.

Look for a pullback below the long entry price and a cycle of the trade pressures to enter.

 

NAT GAS_ QNG19

Weekly – Now back below the 25×5 weekly MA. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move down from the 3.59 short entry level. Trade pressures are down and trending. Volumes are now bullish.

The next target down is 2.71.

A close above 3.38 would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG19

Weekly – Bouncing off the 2017 lows. Trade pressures are down and trending. Volumes are now neutral.

Daily – Flat. In the second leg down. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target down is 37.74.

A close above the 200 day MA and 50.74 would signal higher.

Could stalk this new long with a shorter cycle, but the 25×5 MA is going to be resistance.

 

NAT GAS_ QNG19

Weekly – At the uptrend support line at 2.88. Trade pressures are down . Volumes are bearish.

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

The next target down is 2.71.

A close above 3.38 would signal higher.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG19

Weekly – In the move down from the 67.25 level. Trade pressures remain down. Volumes are bearish.

Daily – Flat. In the second leg down from the 48.30 level. Trade pressures are down. Volumes are bearish.

The next target down is 37.74.

Need a close above 45.88 to signal higher.

 

NAT GAS_ QNG19

Weekly – Back to the 25×5 MA and support at 3.30. Trade pressures are down into the neutral zone.

Daily – Flat. At the 3.19 downside target level. Trade pressures are down. Volumes are bearish.

The next target down is 2.760.

A close above 3.74 would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG19

Weekly – Broke down from the 50.55 support level. Trade pressures are hard down. Volumes are bearish.

Daily – Flat. Never triggered a new long. Now in a new move down from the 48.30 short entry level. Trade pressures are down from the neutral zone. Volumes are bearish.

the next target down is the weekly low pivot at 41.53.

Need a close above 48.26 to start any long retracement.

 

NAT GAS_ QNF19

Weekly – Giving back almost all the rally. Trade pressures are up but declining to the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 4.52 level. Trade pressures are down. Volumes are bearish.

Now consolidating at the 3.745 target. The next target down is 3.11.

A close above 4.01 would signal higher.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG19

Weekly – Continues the consolidation at the $50 level. Trade pressures are down. Volumes have changed from neutral to bearish.

Daily – Flat. moving right to meet the downtrending 25×5 MA @53.81. Trade pressures have risen into the neutral zone. Volumes are bearish.

The next target down is 44.77.

Need a close above the 53.46 level to move up.

New logo stops will be at the recent lows of $49.92.

 

NAT GAS_ QNF19

Weekly – In the pullback after the big rally. Trade pressures are up but turning down. Volumes are bearish again.

Daily – Flat. In the retracement move down from the 4.58 short entry. Trade pressures are down. Volumes are bearish.

At the 100% target. Below the 255 MA. The next target down is 3.29 which would retrace the full move up.

A close above the 25×5 @4.35 would signal higher once again.