CRUDE_ CLF17  #crudeoilfutures

Weekly – Testing the downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – flat. In the move up from the 45.95 long entry level. Trade pressures have rolled over and are down into the neutral zone.

The 52.53 upside target has been met. The spike trade up to the 55.58 high has failed and price is now back under that 52.53 target level.

The 53.22 level could be a short signal. Will have to watch the lower time frames.

If short, set a t stop of 55.58 and a downside price target of 49.39.

 

NAT GAS_ QNF17  #naturalgasfutures

Weekly – Trend is down. Trade pressures are up but turning down. Volumes have changed from bullish to neutral.

Daily – Flat. The long trade was stopped out at the 3.50 level. Trade pressures are up but rolling over. Volumes are neutral to bearish.

The trade down thru the 3.50 level also signals a short entry. Again must watch the lower time frames for an entry.

If short, set a stop at the pivot high of 3.78 and a price target of 3.04.