CRUDE_ CLH17  #crudeoilfutures

Weekly – No trend. Trade pressures are in the neutral zone and rising. Volumes have changed from bullish. to bearish.

Daily – Flat. In the retracement move up from the 44.23 downside target. Trade pressures are up but declining. Volumes have  changed to neutral from bearish.

The resistance at 49.00 held and the retracement up has pulled back to the long entry price of 45.40.

Any new bullish volume could restart the move up.

The next target down is 41.50.

 

NAT GAS_ QNF17  #naturalgasfutures

Weekly – Rising in the downtrend. Trade pressures have risen into the neutral zone. Volumes are still bearish.

Daily – Long. In the trade from new contract’s 2.84 long entry. Trade pressures are up. Volumes are bullish.

Thru the first target of 3.12. The next target up is 3.41.

A close below 2.94 would signal lower.

Use 2.94 as the Stop.