#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish. At the 73.02 target level.

Daily – Flat. In the move up from the 65.36 long entry. Trade pressures are up and extended. Volumes are bullish.

The next target up is 75.67.

A close below 70.71 would signal lower.

 

NAT GAS_ QNZ18

Weekly – In the long, flat uptrend of 2018. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. After the rally of last week, price is now stalled at the 3.05 level. Trade pressures are up and extended. Volumes are bullish.

The next target up is 3.21.

A retracement signal lower has been triggered at 3.11, but the volatility is too high to trade that level.

No trade.

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 65.36 entry. Trade pressures are up. Volumes are bearish.

At the 71.02 target. The next target up is 75.67.

A close below 68.53 would signal lower.

 

NAT GAS_ QNZ18

Weekly – In a new down trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Now above the 25×5 moving average, so look for a pullback to enter long. Trade pressures are up. Volumes are bullish.

The next target up is 3.07.

A close below the 25×5 moving average would signal a resumption of the move down.

#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18   (roll to December)

Weekly – Remains in consolidation after the move up to the 74.54 target. Trade pressures are up. Volumes have flashed a new bearish signal.

Daily – Flat. The new short entry has been touched at 67.80. Trade pressures are in the neutral zone and showing divergence. Volumes are bearish to bullish.

The next target up is 71.02.

Need a close below the 25×5 moving average at 67.29 to confirm this new short entry.

 

NAT GAS_  QNZ18

Weekly – Breaks down below the uptrend support line. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.06 short entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 2.80.

A close above the 25×5 moving average is required to signal any new move up.

#crudeoilfutures  ##naturalgasfutures

CRUDE_ CLV18    (Rolls in a week)

Weekly – Tested the 25×5 moving average which held support at 64.00. Trade pressures are up into the neutral zone.

Daily – Flat. In the new move down from the 69.06 short entry level. Trade pressures are down into the neutral zone. Volumes are mixed bearish to bullish.

At the 25×5 support level of 67.75. The next target down is 65.27.

A close above 71.40 would signal a new move up.

The 69.00 level is acting as a pivot, so watch the pressures at this level to determine whether a short entry is warranted.

 

NAT GAS_  QNV18

Weekly – This weekly is in an uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Extending the move down. Trade pressures are in the neutral zone. Volumes are bearish.

The short entry went immediately to the 2.77 downside target. The next target down is 2.64.

A close above 2.83 is required to start a new move up.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV18

Weekly – Still riding the 25×5 moving average as support in the move up. Trade pressures are up in the neutral zone. Volumes are mixed neutral to bullish.

Daily – Flat. In the move up from the 8/22 66.81 level. Trade pressures are up. Volumes are bullish. The next target up is 71.18.

A close below 68.16 would signal lower.

 

NAT GAS_ QNV18

Weekly – Looking toppy. Trade pressures are up but turning down. Volumes are bullish.

Daily – Flat. In a retracement down inside the longer move up. Trade pressures are up into the neutral zone. Volumes are bullish.

In the move down from the 2.92 level. the next target down is 2.77.

A close above the 2.99 high pivot would signal higher.

CRUDE_ CLV18  #crudeoilfutures

Weekly – Still in the long move up from the late 2017 breakout. Trade pressures are up into the neutral zone. Volumes have returned to neutral from bearish.

Daily –  Flat. After a retracement back to the 64 level and the prior long entry, crude is now in a second leg up. Trade pressures are up. Volumes are now bullish.

At the downtrend resistance. The next target up is 71.27.

A close below the 25×5 moving average at 67.29 would signal lower.

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – After the 2017 yearend rally, natural gas has been drifting sideways. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.78 level. Trade pressures are up but turmimng down. Volumes are now bearish.

Nat gas is consolidating at the first profit target of 2.92.

The next target up is 3.07.

A close below the 25×5 moving average at 2.87 would signal lower.

CRUDE_ CLV18  #crudeoilfutures

Weekly – At a downward retracement support level of 64.24. Trade pressures are down. Volumes are now bearish.

Daily – Flat. In this downward channel since July. Trade pressures are down. Volumes are bearish.

At the 64.76 target and consolidating. The next target down is 61.61.

A close above 66.73 would signal higher. But would need a confirmation above the 25×5 moving average resistance at 67.28.

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – In this long dated move up off the late 2017 lows at 2.22. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.78 entry level. Trade pressures are up. Volumes are bearish to neutral.

Consolidating at the 2.92 2nd target. The next target up is 3.06.

A close below. 2.88 would signal lower.

CRUDE_ CLU18  #crudeoilfutures

Weekly – In the move up to the 75.73 target. Trade pressures are down. Volumes are mixed bullish to bearish.

Daily –  Flat. In the move down then a rally into a retracement move up which now has failed. Trade pressures are back down into the neutral zone. Volumes are bearish.

A break below the 66.11 low would reestablish the move down.

A close above the 25×5 moving average would signal higher.

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – The rally has broken thru the 245×5 weekly moving average. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. The move up is consolidating at the 2.92 target. Trade pressures are up. Volumes are bullish.

The next target up is the old high of 3.04.

A close below 2.87 would signal lower.

CRUDE_ CLU18  #crudeoilfutures

Weekly – The weekly upside target of 75.73 has acted as resistance. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 68.91 long entry. Trade pressures are in the neutral zone. Volumes are bearish.

The first trade attempt was stopped out at break-even as the trade pressures could not get out of the neutral zone.

The next target up is 73.45 and coincides with a retest of the highs – take any profits there.

A close below the 66.11 low would signal lower.

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – Below the 25×5 moving average is a bearish position. Trade pressures are down but rising into the neutral zone. Volumes are now bullish.

Daily – Flat. The long trade trigger has been met at 2.78. Trade pressures are still in the neutral zone. Volumes are bullish.

Looks to be a good trade but not taken while still pointing down in the neutral zone. The next target up is 2.92.

A close below the 2.78 would signal lower.

Use that 2.78 level as the stop.

CRUDE_ CLU18  #crudeoilfutures

Weekly – In the long move up from the November breakout of 2016. Trade pressures are now down. Volumes are bullish.

Daily – Flat. Trade pressures are up into the neutral zone. Volumes are bullish to neutral.

The next long entry is 68.91, very close to the Friday close.

A close below 67.98 would restart the move down.

The stop would be this short entry.

[7-30-18: Raise the stop to the entry price, 68.91]

[7-31-18: Out at the breakeven.]

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – Downward pressures persist. Trade pressures are down. Volumes are bearish to neutral.

Daily – Flat. In the new contract, but still in the move down. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target down is 2.65.

The next long entry is 2.79. Also very close the the Friday close.