CRUDE_ CLF17  #crudeoilfutures

Weekly – Still trading the 45-55 band and currently in the downtrend. Trade pressures are up and nearing highs. Volumes are bullish.

Daily –  Flat. In the move up from the 44.91 long entry level. Trade pressures are up. Volumes are bullish.

The 51.46 target is acting as resistance and the 52.75 previous pivot high is nearby.

The next target up is 56.85 which would put the weekly into a new uptrend.

Stops are at the old short entry of 49.00.

 

NAT GAS_ QNF17  #naturalgasfutures

Weekly – Four weeks of a run up. Trade pressures are up. Volumes are two weeks bullish.

Daily – Long. In the move up from the 2.84 long entry. Trade pressures are up and extended. Volumes are bullish.

The next target up is 3.87 and that price is also near the old pivot high of 3.85, so expect resistance.

Raise stops to 3.50.

Take profits on any spike to, or thru, 4.00.