CRUDE_ CLZ16  #crudeoilfutures

Weekly – Have rolled to the December contract. Trade pressures are up and extended. Volumes remain bullish.

Daily – Flat. In the move up. Trade pressure are up but rolling over. Volumes have shifted to neutral.

Perhaps some distribution? The next target up is 52.93.

A close below 48.98 would signal a new short.

 

NAT GAS_ QNX16  #naturalgasfutures

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

Daily – Flat. In a new downtrend. Trade pressures are down into the neutral zone. Volumes have turned bearish.

The downside target for this correction is 2.92, very near this Friday close of 2.99.

the next target down is 2.66.

A close above 3.13 would signal a new move up to test the 3.61 target.

Ma want to wait and roll to the Dec contract.