Oil & Gas

CRUDE_ CLU16  #crudeoilfutures

Weekly – The consolidation and pullback seems complete. Trade pressures are down but turning up. Volumes have changed from bearish to bullish.

Daily – Long. The long entry price at 43.90 has been triggered. Trade pressures are up. Volumes are bullish.

The next target up is. 51.53.

Stops are 39.19.

 

NAT GAS_ QNU16  #naturalgasfutures

Weekly – Still in the uptrend. Trade pressures have declined into the neutral zone. Volumes have changed from bullish to bearish.

Daily –  Flat. In a move down, but near the 2.49 support levels. Trade pressures are down and extended. Volumes have changed from bearish to neutral.