CRUDE_ CLX17  #crudeoilfutures

Weekly – Pulling back after the breakout to the upside. Trade pressures are up but have turned down. Volumes are now neutral. Upside resistance remains at the $54 level.

Daily – Flat. In the move down from the 51.61 level. Trade pressures are down. Volumes have finished the week as bearish.

Now at support and testing the 48.92 level. The next target down is 47.85.

A close back above the 50.69 level could restart the move up.

 

NATGAS_ QNX17  #naturalgasfutures

Weekly – The volatility has succumbed to a continued move down. Trade pressures are now thru the neutral zone and down. Volumes are bearish.

Daily – Flat. In a new move down from the 3.03 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.84 and the prior swing low of 2.85.

The next target down below the swing low is 2.75.

A close above 3.00, the prior long entry level, would signal a restart of the move up.

CRUDE_ CLX17  #crudeoilfutures

Weekly – Continues the move up. Trade pressures are up. Volumes are bullish. Resistance is at the 54.50 level.

Daily – Flat. In the move up from the 48.08 entry level. Trade pressures are up. Volumes remain bullish.

The next target up is 54.30.

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

 

NAT GAS_ QNX17  #naturalgasfutures

Weekly – Nothing new. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat. The rally form the the 3.00 entry level to the 3.26 first target has failed. Trade pressures are up into the neutral zone. Volumes are bearish.

Too much volatility for a trade.

CRUDE_ CLX17  #crudeoilfutures

Weekly – Second week above the 25×5 moving average. Trade pressures are up. Volumes are bullish for the second week also.

Daily – Flat. In consolidation at the 51.18 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 54.30.

A close below 49.74 would signal a new leg down.

 

NAT GAS_ QNX17  #naturalgasfutures

Weekly – Remains in the downtrend but testing the 25×5 moving average resistance. Trade pressures are up. Volumes are bearish again.

Daily –
Flat. In the move up from the 3.02 level. Trade pressures are down. Volumes have returned to bearish.

This close below 3.03 triggers a new move  down. The next target down is 2.84.

The daily ranges are too wide relative to  the target levels, so no trade.

CRUDE_ CLX17  #crudeoilfutures

Weekly – In the downtrend, but above the 25×5 moving average. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In the move up from the 48.00 level. Trade pressures are up. Volumes are bullish.

The next target up is 51.17.

A close below 48.71 would signal lower.

 

NAT GAS_ QNV17  #naturalgasfutures

Weekly – In the long downtrend. Testing the 25×5 moving average. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.93 level. Trade pressures are up. Volumes are bullish.

The next level up is 3.18.

A close below the 2.99 level would signal lower.

CRUDE_ CLV17  #crudeoilfutures

Weekly – Meeting resistance at the 25×5 moving average. Trade pressures are down but rising. Volumes have changed from bearish to neutral.

Daily – Flat. The long trade from 47.51 was stopped out at 48.12 for a small gain. Trade pressures are up but declining into the neutral zone.

Hurricane IRMA is introducing uncertainty.

The next target up is 50.63.

A below the low 45.58 pivot would signal lower.

 

NAT GAS_ QNV17  #naturalgasfutures

Weekly – Basing in the long downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Continues to consolidate around the entry price of 2.95. Trade pressures are now down. Volumes have changed from neutral to bearish.

No trade here. The next target up is 3.09.

Support at 2.81.

CRUDE_ CLV17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes have changed from neutral to bearish.

Daily – Flat. In the move down from 48.03. Trade pressures are down into the neutral zone. Volumes are bullish.

Touched the 45.49 downside target. The next target down is 44.29.

A close above 47.51 would signal higher. The weekly close is 47.29; be alert for a move up.

[9-5-17: long at the entry price of 47.51.]

[Set stop at 47.15.] [Now 9-5-17 pm, raise stops to 47.51 breakeven.]

[9-7-17 Update: raise stops to 48.12]

 

NAT GAS_ QNV17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from 2.95. Trade pressures are up. Volumes are bullish.

The late week breakout has price very close to the 3.09 target. The next target up is 3.18.

A close below the 25×5 moving average at 2.90 would signal lower.

CRUDE_ CLV17  #crudeoilfutures

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

Daily – Flat. In the move up from 47.12. Trade pressures are up. Volumes are mixed bullish-bearish-neutral.

In a pullback after reaching the 50 level and closing below the 48.03 short entry level. The next target down is 45.40.

A close above 49.99 would signal higher.

Mixed signal with the Texas hurricane.

Wait.

 

NAT GAS_ QNU17  #naturalgasfutures

Weekly – Persistent downtrend. Trade pressures are down but rising and near the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from 2.93. Trade pressure are in the neutral zone. Volumes are mixed bullish to bearish.

The next target up is 3.09.

A close below 2.81 would terminate this move up.

 

 

CRUDE_ CLU17  #crudeoilfutures

Weekly – Up against the 25×5 moving average resistance. Trade pressures are up. Volumes have turned from bullish to neutral.

Daily – Flat. In the move up from the 46.58 level. Trade pressures are up but declining. Volumes have turned bearish.

The 50.33 upside target has acted as resistance.

The next target up is 53.47.

A close below 47.88 would signal lower.

 

NAT GAS_ QNU17  #naturalgasfutures

Weekly – Remains in this long downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the new move up from the 2.90 level. Trade pressures are up. Volumes have turned to bullish.

The next target up is 3.06.

A close below the 2.75 prior low would signal lower again.

CRUDE_ CLU17  #crudeoilfutures

Weekly – A six week rally in the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up but showing divergence. Volumes are bullish.

A new short entry is indicated at 47.90.

But the uptrend is still in place above the 25×5 moving average at 47.18.

Wait and watch the support; may just be a pullback for a further move up.

 

NAT GAS_ QNU17  #naturalgasfutures

Weekly – Grinding lower. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the 2.92 short entry level. Trade pressures are down. Volumes remain bearish.

The next target down is 2.65.

A close above 2.90 would signal higher.

 

Crude_ CLN17  #crudeoilfutures

Weekly – A rally inside the downtrend. Trade pressures are up. Volumes have changed from bearish to bullish.

Daily – Flat. The second attempt at a short failed at the 25×5 moving average; never getting out of the neutral zone.. Trade pressures are up out of the neutral zone. Volumes are bullish.

Still in the move up off the 42.20 low pivot.

The next target up is 50.16.

A close below 47.66 would signal lower.

Wait for the new month contract.

 

NAT GAS_ QNU17  #naturalgasfutures

Weekly – Remains in the downtrend. weekly pressures are down but rising. Volumes have changed from neutral to bearish.

Daily – Flat. In a new move down from the 2.92 level. Trade pressures are down but rising to the neutral zone. Volumes are bearish.

Running counter to the Crude move.

The next target down is 2.65.

Need a close above the 3.05 pivot to restart any move up.