CRUDE_ CLH17  #crudeoilfutures

Weekly – Retreating from the 57.00 upside resistance. Trade pressures have turned down. Volumes remain bullish.

Daily – Flat. The short entry was 54.05. Trade pressures are up. Volumes have just changed from bearish to bullish.

The next target down is 50.22.

A close above 54.25 would signal higher. Use that 54.25 as a long entry and as a buy stop.

 

NAT GAS_ QNG17  #naturalgasfutures

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

Daily – Long. The 3.37 entry price was triggered last week. Trade pressures have turned down. Volumes have  changed from neutral to bearish.

The next profit target up is 3.84.

The stop is the 3.095 low pivot.