CRUDE_ CLH17  #crudeoilfutures

Weekly – Price remains under the downtrend resistance line. Trade pressures have moved to down from neutral. Volumes are still bullish.

Daily – Flat. Have avoided this trade as there is no direction . Trade pressures are up. Volumes are bullish.

The bias is down the next target down is 50.16.

A close above 54.25 would signal a new move up. But immediate resistance is located just above at 55.32.

 

NAT GAS_ QNH17  #naturalgasfutures

Weekly – In the move down. Trade pressures are down, but nearing oversold. Volumes are bullish.

Daily – Flat. In the move down from the 3.33 short entry. Trade pressures are down. Volumes are bearish.

At the first short profit target of 3.028.

The next target down is 2.72.