CRUDE_ CLV16  #crudeoilfutures

Weekly – remains in the downtrend. Trade pressures are down. Volumes are mixed neutral to bullish.

Daily – Flat. There are two cycles opposing one another. Trade pressures are up. Volumes have turned bearish.

$46.12 is a new short entry. But the pressures say not yet. Watch the hourly pressures.

The next target down is 40.90.

The longer cycle has an upside target of 49.90.

 

NAT GAS_ QNV16  #naturalgasfutures

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

Daily – Flat. In the 2.50 to 3.00 channel. Trade pressures are now up. Volumes are mixed bullish to neutral.

The 2.79 level remains the new long entry. Wait for the hourly to cycle, it is very overbought.

The next target up is 3.13.

Stops will be at 2.63.