CRUDE_ CLM17  #crudeoilfutures

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

Daily – Long. In at 45.88 above the 45.35 entry. Trade pressures are down but rising. Volumes turned bullish to neutral to bullish.

The target of 47.93 has been reached. The next target up is 50.54 and is the likely profit taking level.

Move the stop to the entry level of 45.35.

[5-16-17: move the stop to the first target of 47.93.]

[5-19-17: take profits at the 50.54 second profit target. Sell the June contract at the market on close, if not taken out by the limit order.]

 

NAT GAS_ QNM17  #naturalgasfutures

Weekly – Moving up in the downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. The 3.28 long entry was triggered on 5/10. Trade pressures are up. Volumes turned bullish.

The next target up is 3.53. Resistance is expected at the prior high of 3.44.

A close below 3.25 could signal lower.

Set the stop at the entry price of 3.28.

[5-16-17: stopped out at 3.28 in the evening session @ a break-even.]

CRUDE_ CLK17  #crudeoilfutures

Weekly – Downtrend remains intact. Trade pressures are down volumes are bearish. The weekly down side target is 41.00,

Daily – Flat. Met both downside targets. Trade pressures are down. Volumes are mixed, bearish for the first four days, then big short covering on Friday.

The weekly downside target of 41.00 is next.

The close above 45.28 triggered a new long entry, need confirmation on Monday.

 

NAT GAS_ QNM17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. Trade pressures are up out of the neutral zone. Volumes are mixed, bearish changing to bullish.

A close above 3.28 would signal higher.

A close below 3.10 would signal lower.

 

CRUDE_ CLM17  #crudeoilfutures

Weekly – Remain under the long downtrend line moving in a narrow channel. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. After trading up to the 53.00 target now in a retracement from 51.86. Trade pressures are down. Volumes are mixed, bullish to neutral.

The next target down is 47.96. then 44.06.

A close above 50.25 would signal higher.

 

NAT GAS_ QNM17  #naturalgasfutures

Weekly – In the move down. Trade pressures are down into the neutral zone. Volumes remain bullish.

Daily – Flat. In a move up from 3.08. Trade pressures are up. Volumes are bullish.

Consolidating here. The next target up is 3.59.

A close below 3.10 would signal lower.

CRUDE_ CLM17  #crudeoilfutures

Weekly – Remains in the downtrend from the summer of 2016. Trade pressures are up but turning down. Volumes have changed from bullish to bearish.

Daily – Flat. In the retracement move down from 51.86. Trade pressures are down into the neutral zone. Volumes are mixed neutral to bearish.

The next target down is 47.96.

Need a close back above 50.28 to signal a resumption of the move up.

 

NAT GAS_ QMM17  #naturalgasfutures

Weekly – Remains in the downtrend started October 2016. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In a retracement uptrend. Trade pressures are down and trending. Volumes are mixed neutral to bearish.

The next target up is 3.52.

A close below 3.10 would signal a resumption of the down-move and a 2.60 downside target.

 

CRUDE_ CLK17 #crudeoilfutures

Weekly – Up against the 25×5 moving average acting as resistance. Trade pressures are up. Volumes are bullish.

Daily –  Flat. Still in the move up from the 49.79 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 54.29.

A close below 51.35 would signal lower.

 

NAT GAS_ QNK17  #naturalgasfutures

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

Daily – Flat. In the move up from 2.99. Trade pressures are down. Volumes are neutral.

The next target up 3.42.

a close below 3.02 would signal lower.

CRUDE_ GCK17  #crudeoilfutures

Weekly – Remains in the downtrend until a crossover of 57.37. Trade pressures are up. Volumes are again bullish.

Daily – Flat. The long trade was stopped out at 50.80. Trade pressure are up. Volumes are bullish.

The next target up is 54.28.

A close below 50.53 would signal a new move lower.

The Syrian bombing produced a spike upward and then a similar retreat to the 52 level.

 

NAT GAS_ QNK17  #naturalgasfutures

Weekly – Experiencing a six week rally inside the downtrend. Trade pressures are up.  Volumes are bullish.

Daily – Flat. In the move up from 2.99. Trade pressures are up and trending. Volumes are bullish.

At the first profit target of 3.29. The next target up is 3.43.

A close below 3.02 could signal a new move down.

CRUDE_ CLK17  #crudeoilfutures

Weekly – Still in the weekly downtrend. Trade pressures are down but turning up. Volumes have changed from bearish to bullish.

Daily – Long. In the long trade from 49.79. Trade pressures are rising thru the neutral zone. Volumes are bullish.

The trade is up and near the 25×5 moving average.

Raise the stops to the long entry of 49.79.

The next target up is 54.29.

A close below 48.44 would signal a new move lower.

{4-5-17 Update: raise stops to 50.82.]

 

NAT GAS_ QNK17  #naturalgasfutures

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

Daily – Flat. In the move up from the 2.97 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 3.43.

A close below 2.92 would signal a new move lower.

CRUDE_ CLK17  #crudeoilfutures

Weekly – In a new weekly move down. Trade pressures are down. Volumes have returned to bearish from neutral. The next weekly target down is 43.53.

Daily – Flat. At the 47.20 downside target. Trade pressures are down and trending. Volumes are bearish.

A close above the 49.79 level would signal higher.

[3-30-17 Update: Long. The 49.79 long entry has been triggered. Stops at 47.01.]

 

NAT GAS_ QNK17  #naturalgasfutures

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

Daily – Flat. In the move up from 2.97. Trade pressures are up. Volumes are mixed neutral to bullish.

The next target up is 3.44.

Stops are 2.69.

A close below 2.89 would also signal lower.

CRUDE_ CLK17  #crudeoilfutures

Weekly – In this long move inside a defined channel. Trade pressures are down. Volumes are mixed neutral-bearish-neutral.

Daily – Flat. The break down of the $52 lower boundary has sent price down to the 47.71 target. Trade pressures are down and oversold. Volumes are bearish but finished the week with very light trading.

A close above 50.36 would signal higher.

 

NAT GAS_ QNK17  #naturalgasfutures

Weekly – In the down trend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The long trade from 2.89 was stopped out for a break-even. Trade pressures are down into the neutral zone. Volumes are bearish.

Sitting on the prior long entry now. Watch the daily trade pressures.The next target up is 3.38.

A close below 2.72 would signal a resumption of the move down.

Trading the mini contract to lower risk.

CRUDE_ CLJ17  #crudeoilfutures

Weekly – The down trend continues. Trade pressures are down. Volumes have changed to bearish.

Daily – Flat. As expected, the breakdown from the 52 level accelerated the move down. Trade pressures are down. Volumes remain bearish.

The next target down is 46.71.  Use this level as a marker to add to equity positions in the the energy stocks.

A close above 51.89 would signal higher.

Use 51.89 as a stop, if short.

 

NAT GAS_ QNJ17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are down but turning up. Volumes remaion bearish.

Daily – Long. The move thru 2.89 has triggered the long entry. Trade pressures are up. Volumes are bullish.

At the 25×5 resistance. The next target up is 3.36.

The stop were raised to the entry price – 2.89.

The weekly remains in the move down, so take profits at the next target.