CRUDE_ CLX16  #crudeoilfutures

Weekly – In the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the long trade from 45.52. Also in a short cycle short trade from 46.80. Trade pressures are rising thru neutral. Volumes are bearish.

No trade. Seems very news driven.

 

NAT GAS_ QNV16  #naturalgasfutures

Weekly – In the uptrend. Trade pressures are rising thru neutral. Volumes remain bullish.

Daily – Flat. Missed this trade. Trade pressures are up but declining. Volumes have changed to neutral.

The 3.05 upside target was reached and the pressures are extended; would exit this trade.

Next target up is 3.17.

Could see retracement down into the 25×5 moving average at 2.85.