#crudeoilfutures  #naturalgasfutures

CRUDE_ CLF19

Weekly – Further consolidation at the $50 level. Trade pressures are down hard. Volumes are now neutral.

Daily – Flat. Consolidation at the 50.16 downside target.  Trade pressures are down but rising. Volumes are bullish.

The next target down is the weekly 41.53 low pivot.

A new long entry is at 53.28. This level was touched three times but no close above.

Long trade stops will be the 50.16 low pivot.

 

NAT GAS_ QNF19

Weekly – Consolidating at the 4.50 level. Trade pressures are up. Volumes are neutral for thee weeks now.

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

The next target down is 4.13.

A close above 4.52 is the new long signal. (Yes, both long and short entries are the same, no direction.)

No Trade.

#crudeoilfutures  #naturalgasfutures

CRUDE CLF19

Weekly – The 50.16 target was met the prior week.  Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. The $50 level is holding and has acted as support for a week of consolidation. Trade pressures are down hard. Volumes are neutral to bearish.

The next target down is the weekly 2017 low pivot at 41.53.

A close above the 53.28 level would signal higher.

 

NAT GAS_ QNF19

Weekly – The 4.50 level is developing as a consolidation area. Trade pressures are up and extended. Volumes are now neutral.

Daily – Flat. At the 4.55 extended target. Wide ranging consolidation as price seeks the new equilibrium. Trade pressures are down into the neutral zone. Volumes are bullish.

A close below 4.52 would signal lower. The next target down is 4.13.

A close above 4.77 would signal higher.

But, as said before, the daily ranges are too wide.

No Trades.

 

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLF19

Weekly – Seven weeks down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Near the completion of the move down from the 55.52 short entry level. Trade pressures are down and trending. Volumes are bearish.

The next weekly target down is the 2017 low at 41.73.

A close above 53.28 would signal higher.

 

NAT GAS_ QNF19

Weekly – At the weekly 4.50 target. Trade pressures are up and extended. Volumes are neutral.

Daily – Flat. Thru multiple upside targets. Trade pressures are up but declining. Volumes are neutral.

Looked liked a massive short squeeze.

Now off the 4.952 high.

No Trades.

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLF19

Weekly – Six weeks down toward the weekly 50.55 target. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 57.03 downside target. Trade pressures are down and trending. Volumes are neutral.

The next target down is the weekly 50.55.

A close above 58.03 would signal a retracement up.

 

NAT GAS_ QNZ18

Weekly –  Ripped thru the 4.45 up side target. Trade pressures are up. Volumes closed bearish.

Daily – Flat. No trade as the daily ranges exceed the target level ranges. Trade pressures are up but turning over. Volumes are mixed bullish then bearish then neutral.

Blow off top with a bearish volume day on Thursday. A full dollar between the high and the selloff on Thursday.

No trades.

[https://www.bloomberg.com/news/articles/2018-11-19/hedge-fund-s-accounts-liquidated-amid-energy-market-volatility]

 

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – Continuing the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Moved quickly down thru the 60.79 downside target. Trade pressures are down and trending. Volumes are bearish.

The next target down is the 59.28 lower median line expect consolidation at this median line, and then 56.84.

A close above 62.39 would signal higher.

62.39 is also the stop for any short position.

 

NAT GAS_ QNZ18

Weekly – A breakout to new highs. Trade pressures are up. Volumes are now neutral.

Daily – Flat. The 3.30 level was the new long entry but gapped higher. Trade pressures are up. Volumes are bullish.

Went to the 3.53 target in one day. Now at the full move 3.76 target. Expect consolidation here.

A close below 3.74 would signal a retracement.

Again, the moves are of a much wider range than the various levels.

No Trades.

 

 

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – In the move down after breaking the weekly 25×5 moving average. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the sharp reversal down from the 74.37 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 60.79.

A close above 65.74 would signal higher.

 

NAT GAS_ QNZ18

Weekly – Held support at the 25×5 moving average amidst the market turmoil. Trade pressures are up. Volumes are bullish.

Daily – Flat. No trades as the volatility exceeds most of the trading levels. Trade pressures are up. Volumes are mixed, neutral to bullish.

In the move down from the 3.43 high. the next target down is 3.08.

A close above the 3.30 level signals higher.

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – The 25×5 is support at the current levels Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down and consolidating at eh 66.93  downside target. Trade pressures are down . Volumes are now neutral.

The next target down is 61.00.

The downside pressures are extended. A close above 68.87 would signal higher. Stops at this level.

 

NAT GAS_ QNZ18

Weekly – In the move up from the 2.63 weekly level. Trade pressures are up and extended. Volumes are bullish.

Daily – Flat. Consolidating after reaching the 3.30 upside target. Trade pressures are down. Volumes are bearish.

In a retracement move down from the 3.43 highs. The next target down is 3.08.

A close above 3.29 would restart the move up.

High volatility is the problem. The trade levels and stops are inside the current volatility, so trade direction becomes meaningless.

No trades.

 

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – remains in the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish. 66.78 is the 25×5 moving average weekly support level.

Daily – Flat. In the move down from the 74.66 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 66.98.

A close above 71.23 would signal higher.

 

NAT GAS_ QNZ18

Weekly – A five week rally. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 3.37 highs. Trade pressures are down into the neutral zone. Volumes are mixed bearish to neutral.

Daily ranges are too high for the trade levels so no trades.

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – The prior week’s drop is stopping at the short term moving average. Trade pressures are up but truning down.

Volumes are bearish for two weeks.

Daily – Flat. In the move down from the 74.66 short entry. Trade pressures are down. Volumes are bearish.

At the confluence of the 70.71 target and the 25×5 moving average. The next target down is 66.96.

A close above the 73.21 level would signal a new move up.

 

NAT GAS_ QNZ18

Weekly – In the move up toward the 3.58 level. Trade pressures are up. Volumes are Bearish here.

Daily – Flat. This was an aggressive move higher off the 2.83 long entry. Trade pressures are up but turning down. Volumesa re mixed neutral to bearish.

IOn retrospect, the murder of the journalist in The embassy must have been part of the trade between oil and nat gas,

The next target up is the weekly 3.58 level.

A close below 3.28 had signaled lower, but the average true range exceeded the target levels prohibiting any trade.

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – Broke above the weekly extended target, which might indicate a new trading range. Trade pressures are up. Volumes are bearish.

Daily – Flat. Missed the move of the $68 level. Trade pressures are up and extended. Volumes are bullish.

At the 75.67 upside target and seeing a pull back from that level.

The next target up is 78.09.

A close below 73.87 would signal lower.

 

NAT GAS_  QNZ18

Weekly – The week broke above the downtrend resistance line.Trade pressures are up. Volumes are bearish for these two weeks.

Daily – Flat. the strong rally took the trade thru the 3.21 target. Trade pressures are up and trending. Volumes are mixed bearish to neutral.

The spike up reversed and now the short entry signal is triggered.

But as before the volatility is too high; so, avoid the trade.