CRUDE_ CLX16  #crudeoilfutures

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

Daily – Flat. Crude has entered into a new uptrend. Trade pressures are up. Volumes are bullish. Hourly is over-bot.

Difficult to trade as two opposing cycles are at work.  Best to look for other markets.

 

NAT GAS_ QNX16  #naturalgasfutures

Weekly – Remains in the uptrend. Trade pressures are neutral but rising. Volumes have changed from bullish to neutral.

Daily – Flat. Retracing after reaching the 3.11 upside profit target. Trade pressures are down. Volumes have changed from bullish to bearish.

At the 25×5 moving average support and the first downside profit target confluence.  A failure to hold here brings the 2.70 downside target into play.